A10 Networks (NYSE:ATEN) Sets New 12-Month High – Time to Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high on Thursday . The company traded as high as $29.13 and last traded at $28.6620, with a volume of 1010649 shares changing hands. The stock had previously closed at $28.28.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ATEN shares. BWS Financial upped their price objective on shares of A10 Networks from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Mizuho upped their price objective on shares of A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research report on Monday, March 9th. Finally, Zacks Research raised shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

A10 Networks Stock Up 3.0%

The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. The firm’s 50-day moving average price is $25.37 and its 200 day moving average price is $20.73. The firm has a market cap of $2.10 billion, a P/E ratio of 47.08 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $72.62 million. During the same quarter last year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities research analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the transaction, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Institutional investors and hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in A10 Networks during the fourth quarter worth about $26,000. Jones Financial Companies Lllp raised its stake in 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 worth $29,000 after acquiring an additional 1,140 shares during the period. Farther Finance Advisors LLC raised its stake in 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 worth $40,000 after acquiring an additional 1,083 shares during the period. Parkside Financial Bank & Trust raised its stake in 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 worth $43,000 after acquiring an additional 2,357 shares during the period. Finally, Clearstead Advisors LLC raised its stake in 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 worth $44,000 after acquiring an additional 2,405 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.