Akamai Technologies’ (AKAM) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Akamai Technologies (NASDAQ:AKAM) in a report released on Friday,Benzinga reports. Piper Sandler currently has a $158.00 price objective on the technology infrastructure company’s stock, up from their prior price objective of $125.00.

Other equities research analysts also recently issued reports about the stock. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $171.00 to $123.00 in a research note on Monday, August 10th. DA Davidson restated a “buy” rating and issued a $185.00 target price on shares of Akamai Technologies in a research report on Friday. Susquehanna decreased their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research note on Monday, August 10th. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, September 21st. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.29.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $113.94 on Friday. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 40.99, a P/E/G ratio of 5.28 and a beta of 0.63. The firm has a 50-day moving average of $112.98 and a 200-day moving average of $118.84. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick 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) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 earnings per share. 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. On average, equities analysts expect that Akamai Technologies will post 3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the transaction, the executive vice president owned 28,472 shares in the company, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AKAM. QRG Capital Management Inc. boosted its holdings in Akamai Technologies by 1,716.7% in the second quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock worth $3,855,000 after acquiring an additional 30,815 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Akamai Technologies by 114.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company’s stock worth $718,000 after purchasing an additional 3,244 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Akamai Technologies by 263.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock valued at $11,602,000 after purchasing an additional 71,147 shares during the period. Tidal Investments LLC increased its stake in Akamai Technologies by 328.9% during the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after purchasing an additional 138,950 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in Akamai Technologies by 71.0% during the 2nd quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock valued at $350,000 after purchasing an additional 1,228 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

More Akamai Technologies News

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

• Positive Sentiment: Landmark Anthropic agreement: Anthropic committed to spend $11.6 billion over seven years on Akamai Cloud infrastructure to support growing CPU workloads. The relationship could expand by another $9 billion, creating a potential total commitment of approximately $20 billion. The contract provides significant long-term revenue visibility and strengthens Akamai’s position in the AI-cloud market. Anthropic to pay Akamai $11.6 billion over seven years in cloud deal
• Positive Sentiment: AI growth narrative: Investors are repricing Akamai from primarily a content-delivery and cybersecurity company toward a meaningful AI infrastructure provider. Reports also cited major enterprise agreements involving Lenovo and Jabil as additional support for the outlook. 3 Reasons Why AKAM Stock Is Up Today
• Positive Sentiment: Analyst optimism: Piper Sandler reaffirmed an Overweight rating and raised its price target to $158 from $125. DA Davidson maintained a Buy rating with a $185 target, while JPMorgan raised its target to $167, despite keeping a Neutral rating. Why Is Akamai Technologies Stock Surging Friday?

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.