Akamai Technologies (NASDAQ:AKAM) Given New $125.00 Price Target at DA Davidson

Akamai Technologies (NASDAQ:AKAM) had its target price lowered by DA Davidson from $150.00 to $125.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology infrastructure company’s stock.

A number of other research firms have also recently weighed in on AKAM. JPMorgan Chase & Co. upped their price objective on shares of Akamai Technologies from $158.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday, September 25th. President Capital increased their price objective on shares of Akamai Technologies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. FBN Securities reiterated an “outperform” rating and issued a $120.00 target price on shares of Akamai Technologies in a research report on Friday. TD Cowen boosted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. Finally, HSBC cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.64.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock traded up $5.25 during trading hours on Friday, reaching $83.09. The stock had a trading volume of 10,415,146 shares, compared to its average volume of 4,834,514. The stock’s 50 day moving average is $101.55 and its 200 day moving average is $112.24. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies has a twelve month low of $76.75 and a twelve month high of $165.45. The firm has a market capitalization of $11.94 billion, a PE ratio of 32.21, a PEG ratio of 4.08 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm earned $1.86 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Equities analysts expect that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mani Sundaram sold 7,022 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $125.62, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the completion of the transaction, the executive vice president owned 57,197 shares in the company, valued at $7,321,216. The trade was a 3.40% 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. Over the last ninety days, insiders sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after acquiring an additional 349,451 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Akamai Technologies in the 2nd quarter worth approximately $222,046,000. Pictet Asset Management Holding SA lifted its stake in Akamai Technologies by 3.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,731,292 shares of the technology infrastructure company’s stock worth $184,215,000 after purchasing an additional 59,453 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Akamai Technologies in the 2nd quarter worth approximately $181,508,000. Finally, Legal & General Group Plc acquired a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $159,564,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies News Roundup

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Third-quarter adjusted earnings of $1.77 per share topped the $1.67 consensus, while revenue rose 6.4% year over year to $1.12 billion, in line with expectations. Growth in cybersecurity and cloud services supported results. Article
• Positive Sentiment: Investors also have a longer-term growth narrative: Akamai highlighted AI-cloud business, including an Anthropic deal, and expects 2027 cloud infrastructure services revenue of $1.1 billion–$1.3 billion. Article
• Neutral Sentiment: Analyst views remain positive but targets were reduced: DA Davidson cut its target to $125 and KeyCorp to $175, both retaining favorable ratings; Susquehanna lowered its target to $90 while keeping a positive rating.
• Negative Sentiment: Near-term guidance may temper optimism. Fourth-quarter revenue guidance of $1.1 billion–$1.2 billion tops out below the $1.2 billion consensus, and the EPS range includes outcomes below the $1.63 estimate. Akamai also cited higher infrastructure costs and a shift in the timing of some Anthropic-related revenue; quarterly EPS declined from $1.86 a year ago. Article

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.