A10 Networks (NYSE:ATEN) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of A10 Networks (NYSE:ATEN) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

ATEN has been the topic of several other research reports. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. BTIG Research increased their price target on A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Loop Capital set a $25.00 price target on A10 Networks in a research note on Monday, March 9th. DNB Markets set a $9.00 price target on A10 Networks in a research note on Monday, March 9th. Finally, Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, A10 Networks currently has an average rating of “Hold” and a consensus price target of $30.71.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $37.41 on Monday. A10 Networks has a fifty-two week low of $16.52 and a fifty-two week high of $37.67. The business has a 50-day simple moving average of $30.20 and a two-hundred day simple moving average of $23.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 60.33 and a beta of 1.20.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The firm had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.61 million. During the same quarter last year, the firm posted $0.20 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, analysts expect that A10 Networks will post 0.83 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a $0.06 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.6%. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

Insider Buying and Selling at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction 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 transaction, the director owned 68,806 shares in the company, valued at $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A10 Networks

A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 488 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of A10 Networks by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after acquiring an additional 737 shares during the period. Gamco Investors INC. ET AL increased its holdings in A10 Networks by 1.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 42,750 shares of the communications equipment provider’s stock worth $756,000 after acquiring an additional 750 shares in the last quarter. WINTON GROUP Ltd increased its holdings in A10 Networks by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 71,527 shares of the communications equipment provider’s stock worth $1,265,000 after acquiring an additional 761 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in A10 Networks by 0.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 137,148 shares of the communications equipment provider’s stock worth $2,426,000 after acquiring an additional 861 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Company Profile

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.