Akamai Technologies (NASDAQ:AKAM) Raised to Overweight at Piper Sandler

Akamai Technologies (NASDAQ:AKAM) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $125.00 price objective on the technology infrastructure company’s stock. Piper Sandler’s price objective indicates a potential upside of 15.08% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Citigroup boosted their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, May 8th. Guggenheim upped their price target on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. raised Akamai Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $132.00 to $158.00 in a research report on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $143.43.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $108.62 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 4.95 and a beta of 0.63. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The business has a fifty day moving average of $116.81 and a 200-day moving average of $118.02.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. As a group, analysts predict that Akamai Technologies will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Akamai Technologies

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its position in Akamai Technologies by 11,945.9% in the second quarter. California State Teachers Retirement System now owns 20,219,939 shares of the technology infrastructure company’s stock worth $2,390,199,000 after purchasing an additional 20,052,082 shares during the period. Norges Bank acquired a new stake in Akamai Technologies during the 4th quarter worth about $192,959,000. Edmond DE Rothschild Holding S.A. purchased a new position in Akamai Technologies during the 2nd quarter valued at about $222,046,000. AQR Capital Management LLC increased its holdings in shares of Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of Akamai Technologies during the 2nd quarter valued at $181,508,000. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.