A10 Networks’ (ATEN) “Neutral” Rating Reiterated at Sidoti

Sidoti reiterated their neutral rating on shares of A10 Networks (NYSE:ATEN) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm currently has a $24.00 price target on the communications equipment provider’s stock.

Other analysts also recently issued research reports about the stock. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research report on Monday, March 9th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. BTIG Research reiterated a “buy” rating and set a $22.00 target price on shares of A10 Networks in a research note on Friday, February 20th. Finally, Mizuho increased their target price on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, A10 Networks currently has a consensus rating of “Moderate Buy” and an average price target of $22.13.

A10 Networks Trading Down 0.1%

NYSE ATEN opened at $27.69 on Monday. A10 Networks has a 12 month low of $15.78 and a 12 month high of $28.59. The company has a 50-day moving average of $22.32 and a 200-day moving average of $19.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. The company has a market cap of $1.99 billion, a P/E ratio of 47.74 and a beta of 1.09.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts predict that A10 Networks will post 0.8 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s dividend payout ratio (DPR) is presently 41.38%.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the transaction, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at $14,664,418.35. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Institutional Trading of A10 Networks

A number of institutional investors and hedge funds have recently modified their holdings of ATEN. Aster Capital Management DIFC Ltd bought a new stake in shares of A10 Networks during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its position in shares of A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 1,140 shares during the period. Farther Finance Advisors LLC increased its position in shares of A10 Networks by 92.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 1,083 shares during the period. Parkside Financial Bank & Trust increased its position in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 2,357 shares during the period. Finally, Clearstead Advisors LLC increased its position in shares of A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares during the period. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.