A10 Networks (NYSE:ATEN) Shares Climb 5.6% – Here’s Why

A10 Networks, Inc. (NYSE:ATEN)’s stock price traded up 5.6% during mid-day trading on Monday. The stock traded as high as $26.51 and last traded at $26.8650. 86,522 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,099,312 shares. The stock had previously closed at $25.45.

Wall Street Analyst Weigh In

ATEN has been the subject of several research reports. BTIG Research restated a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Mizuho reduced their target price on A10 Networks from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. BWS Financial reiterated a “buy” rating and issued a $45.00 target price on shares of A10 Networks in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a research report on Monday, August 31st. They issued a “hold” rating and a $28.00 price target on the stock. Finally, Weiss Ratings downgraded A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, A10 Networks currently has a consensus rating of “Hold” and an average target price of $30.38.

A10 Networks Price Performance

The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 43.64 and a beta of 1.13. The firm’s 50-day simple moving average is $26.13 and its 200 day simple moving average is $29.13.

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

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 57,409 shares in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the firm’s stock in a transaction 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 owned 50,586 shares in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ATEN. BlackRock Inc. purchased a new stake in A10 Networks in the second quarter worth $506,919,000. Walleye Capital LLC bought a new position in shares of A10 Networks in the 1st quarter worth approximately $115,600,000. Boston Trust Walden Corp raised its holdings in A10 Networks by 11.2% in the second quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider’s stock worth $90,292,000 after purchasing an additional 243,547 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in A10 Networks by 36.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock worth $34,614,000 after purchasing an additional 401,857 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its holdings in shares of A10 Networks by 1.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,459,910 shares of the communications equipment provider’s stock valued at $33,753,000 after buying an additional 24,284 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Company Profile

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.