A10 Networks (NYSE:ATEN) Price Target Raised to $30.00

A10 Networks (NYSE:ATEN) had its target price lifted by BTIG Research from $22.00 to $30.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

A number of other brokerages have also recently issued reports on ATEN. Mizuho boosted their price objective on A10 Networks from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Sidoti restated a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a report on Monday, April 20th. BWS Financial boosted their price objective on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.86.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $26.85 on Wednesday. A10 Networks has a twelve month low of $15.91 and a twelve month high of $28.59. The company has a market cap of $1.93 billion, a PE ratio of 43.30 and a beta of 1.09. The business’s 50 day moving average price is $23.15 and its two-hundred day moving average price is $19.72. The company has a quick ratio of 3.43, a current ratio of 3.71 and a debt-to-equity ratio of 0.99.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $72.62 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, analysts predict that A10 Networks will post 0.82 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 15th. A10 Networks’s payout ratio is 38.71%.

Insider Activity

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the sale, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several institutional investors have recently made changes to their positions in ATEN. Boston Partners bought a new stake in shares of A10 Networks in the fourth quarter valued at approximately $14,795,000. Barclays PLC boosted its stake in shares of A10 Networks by 103.7% in the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock valued at $24,779,000 after buying an additional 695,150 shares during the period. Wellington Management Group LLP boosted its stake in shares of A10 Networks by 40.2% in the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after buying an additional 588,922 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of A10 Networks in the first quarter valued at approximately $13,058,000. Finally, Defiance ETFs LLC bought a new stake in shares of A10 Networks in the fourth quarter valued at approximately $10,047,000. 98.61% of the stock is currently owned by institutional investors.

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.