A10 Networks, Inc. (NYSE:ATEN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of A10 Networks, Inc. (NYSE:ATEN) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.2857.

A number of analysts have weighed in on ATEN shares. Sidoti restated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. BTIG Research upped their price objective on A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, BWS Financial increased their price target 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.

Insider Buying and Selling

In related news, Director Eric Singer sold 24,698 shares of the stock in a transaction that occurred 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 sale, the director owned 68,806 shares of the company’s stock, valued at $1,872,211.26. This represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.21% of the stock is owned by insiders.

Institutional Trading of A10 Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Walleye Capital LLC purchased a new stake in shares of A10 Networks during the 1st quarter valued at $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of A10 Networks by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after purchasing an additional 35,381 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of A10 Networks by 21.1% during the 4th quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after purchasing an additional 429,066 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after purchasing an additional 588,922 shares during the last quarter. Finally, Barclays PLC raised its stake in A10 Networks by 34.9% in the fourth quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock valued at $32,583,000 after buying 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 $32.71 on Friday. The company has a 50 day moving average price of $27.84 and a 200-day moving average price of $22.10. A10 Networks has a fifty-two week low of $16.52 and a fifty-two week high of $32.95. The stock has a market capitalization of $2.36 billion, a PE ratio of 52.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71.

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

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.7%. A10 Networks’s dividend payout ratio is presently 38.71%.

About A10 Networks

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.