A10 Networks, Inc. (NYSE:ATEN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of A10 Networks, Inc. (NYSE:ATEN) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.8571.

Several equities research analysts have recently commented on the stock. Sidoti reiterated a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. BWS Financial lifted their price objective on shares of A10 Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Loop Capital set a $25.00 price objective on shares of A10 Networks in a research note on Monday, March 9th.

Insider Activity

In related news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the transaction, the director owned 68,806 shares of the company’s stock, valued at $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 available at this hyperlink. 1.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Walleye Capital LLC purchased a new position in shares of A10 Networks during the first quarter worth $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of A10 Networks by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock worth $48,997,000 after purchasing an additional 35,381 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after purchasing an additional 429,066 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after purchasing an additional 588,922 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of A10 Networks by 34.9% during the fourth quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock worth $32,583,000 after purchasing an additional 476,647 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

Shares of ATEN opened at $29.19 on Monday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 47.08 and a beta of 1.17. A10 Networks has a twelve month low of $16.52 and a twelve month high of $30.05. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $25.37 and a two-hundred day moving average of $20.75.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $72.62 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter 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. As a group, analysts predict that A10 Networks will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

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.