A10 Networks, Inc. (NYSE:ATEN) Stock Rated “Hold” by Wall Street Analysts

Shares of A10 Networks, Inc. (NYSE:ATEN) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.88.

ATEN has been the topic of several analyst reports. BWS Financial reissued a “buy” rating and set a $45.00 target price on shares of A10 Networks in a report on Friday, August 14th. Mizuho raised their price target on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research note on Monday, August 31st. They issued a “hold” rating and a $28.00 price target for the company. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings cut shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th.

A10 Networks Trading Down 5.3%

NYSE ATEN opened at $26.99 on Thursday. A10 Networks has a 1-year low of $16.52 and a 1-year high of $38.49. The company has a 50 day moving average of $26.48 and a 200-day moving average of $29.06. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 44.98 and a beta of 1.13.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts forecast that A10 Networks will post 0.81 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a $0.06 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the transaction, the general counsel directly owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

A number of large investors have recently modified their holdings of ATEN. Transamerica Financial Advisors LLC acquired a new stake in A10 Networks in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in A10 Networks during the 2nd quarter worth approximately $27,000. SBI Securities Co. Ltd. grew its stake in shares of A10 Networks by 83.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 531 shares during the last quarter. State of Wyoming acquired a new stake in shares of A10 Networks in the second quarter valued at about $57,000. Finally, Signaturefd LLC lifted its position in shares of A10 Networks by 24.2% in the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock worth $81,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

About A10 Networks

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company’s portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.