Shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $121.60.
Several research firms have commented on AKAM. KeyCorp lifted their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Citigroup lowered their target price on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a research note on Thursday. HSBC cut shares of Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their target price for the stock from $109.00 to $96.00 in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on shares of Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 14th. Finally, Piper Sandler lifted their target price on shares of Akamai Technologies from $130.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th.
Check Out Our Latest Research Report on AKAM
Insider Activity at Akamai Technologies
Hedge Funds Weigh In On Akamai Technologies
Several large investors have recently modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Akamai Technologies by 8.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 84,796 shares of the technology infrastructure company’s stock worth $9,222,000 after purchasing an additional 6,400 shares during the last quarter. Kercheville Advisors LLC lifted its position in shares of Akamai Technologies by 49.9% during the first quarter. Kercheville Advisors LLC now owns 16,980 shares of the technology infrastructure company’s stock worth $1,847,000 after purchasing an additional 5,650 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Akamai Technologies by 16.5% during the first quarter. V Square Quantitative Management LLC now owns 4,321 shares of the technology infrastructure company’s stock worth $470,000 after purchasing an additional 612 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of Akamai Technologies by 150.0% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 25,000 shares of the technology infrastructure company’s stock worth $2,719,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Akamai Technologies during the first quarter worth about $1,379,000. Institutional investors own 94.28% of the company’s stock.
Akamai Technologies Price Performance
Shares of NASDAQ:AKAM opened at $101.68 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77. The company has a market cap of $15.41 billion, a P/E ratio of 28.80, a PEG ratio of 2.89 and a beta of 0.72. Akamai Technologies has a 52 week low of $76.85 and a 52 week high of $129.17. The company has a 50-day moving average price of $106.97 and a 200 day moving average price of $112.27.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.10. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. During the same period last year, the firm earned $1.01 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts predict that Akamai Technologies will post 4.84 earnings per share for the current year.
About Akamai Technologies
Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
Recommended Stories
- Five stocks we like better than Akamai Technologies
- Investing in Travel Stocks Benefits
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Read Stock Charts for Beginners
- How to Use Put Debit Spreads to Profit From Falling Stocks
- When to Sell a Stock for Profit or Loss
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.