Akamai Technologies (NASDAQ:AKAM) Given New $168.00 Price Target at President Capital

Akamai Technologies (NASDAQ:AKAM – Get Free Report) had its target price increased by stock analysts at President Capital from $150.00 to $168.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the technology infrastructure company’s stock. President Capital’s price objective points to a potential upside of 54.91% from the company’s current price.

A number of other equities research analysts have also issued reports on AKAM. Raymond James Financial reaffirmed an “outperform” rating and set a $170.00 target price on shares of Akamai Technologies in a report on Tuesday. Guggenheim raised their target price on Akamai Technologies from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. UBS Group increased their price target on shares of Akamai Technologies from $143.00 to $148.00 and gave the company a “neutral” rating in a research note on Friday, September 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Akamai Technologies in a report on Friday, September 25th. Finally, DA Davidson dropped their price target on shares of Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $150.10.

View Our Latest Research Report on AKAM

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $108.45 on Wednesday. The firm’s fifty day moving average is $112.37 and its two-hundred day moving average is $118.89. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 39.01, a PEG ratio of 5.11 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. Akamai Technologies has a one year low of $70.82 and a one year high of $165.45.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. 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. Research analysts expect that Akamai Technologies will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Mani Sundaram sold 7,022 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the transaction, the executive vice president directly owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,135 shares of company stock valued at $1,467,221 in the last ninety days. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AKAM. Silvant Capital Management LLC purchased a new stake in shares of Akamai Technologies in the second quarter valued at about $32,000. Root Financial Partners LLC increased its stake in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Akamai Technologies during the 4th quarter worth about $31,000. Cedar Mountain Advisors LLC acquired a new position in shares of Akamai Technologies in the first quarter valued at approximately $47,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Akamai Technologies during the second quarter valued at approximately $54,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

(Get Free Report)

Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.

See Also

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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