A10 Networks, Inc. (NYSE:ATEN) Receives Average Rating of “Hold” from Brokerages

Shares of A10 Networks, Inc. (NYSE:ATEN) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.7143.

Several research analysts have recently weighed in on ATEN shares. Piper Sandler set a $45.00 price target on A10 Networks in a research note on Tuesday, June 16th. DNB Markets set a $9.00 price objective on A10 Networks in a research report on Monday, March 9th. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Sidoti restated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a research note on Monday, April 20th.

A10 Networks Stock Up 1.9%

Shares of NYSE:ATEN traded up $0.69 during trading on Tuesday, reaching $37.13. 265,718 shares of the stock traded hands, compared to its average volume of 1,024,029. The stock has a market cap of $2.67 billion, a P/E ratio of 59.89 and a beta of 1.14. 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 stock has a 50-day moving average of $30.96 and a two-hundred day moving average of $24.14. A10 Networks has a 52-week low of $16.52 and a 52-week high of $38.39.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping 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 company had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, sell-side analysts expect that A10 Networks will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s payout ratio is presently 38.71%.

Insiders Place Their Bets

In related news, Director Eric Singer sold 24,698 shares of the stock in a transaction that occurred 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 represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of A10 Networks in the fourth quarter worth $26,000. Farther Finance Advisors LLC lifted its holdings in A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 1,083 shares during the period. Parkside Financial Bank & Trust lifted its holdings in A10 Networks by 4,621.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after acquiring an additional 2,357 shares during the period. Clearstead Advisors LLC boosted its position in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in A10 Networks in the fourth quarter worth about $77,000. 98.61% of the stock is currently owned by hedge funds and other 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.