A10 Networks (NYSE:ATEN) Sets New 1-Year High – Here’s What Happened

A10 Networks, Inc. (NYSE:ATEN)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $34.15 and last traded at $34.2060, with a volume of 82551 shares changing hands. The stock had previously closed at $33.26.

Analyst Ratings Changes

Several analysts have weighed in on ATEN shares. Mizuho boosted their target price on shares of A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Zacks Research raised shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. BTIG Research raised their price target on shares of A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. 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. Finally, BWS Financial boosted their price objective on shares of A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.62.

A10 Networks Stock Up 0.2%

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 market capitalization of $2.44 billion, a price-to-earnings ratio of 54.60 and a beta of 1.20. The business’s 50-day moving average is $29.23 and its 200-day moving average is $22.99.

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 company had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.61 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Dividend Announcement

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

Insider Buying and Selling

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the transaction, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently bought and sold shares of ATEN. Aster Capital Management DIFC Ltd purchased a new position in shares of A10 Networks during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its stake in shares of A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 1,083 shares during the period. Parkside Financial Bank & Trust boosted its holdings in A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 2,357 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 2,405 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in A10 Networks by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock valued at $91,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.