A10 Networks (NYSE:ATEN) Reaches New 1-Year High – Still a Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $33.48 and last traded at $32.9860, with a volume of 77234 shares traded. The stock had previously closed at $32.66.

Analyst Ratings Changes

ATEN has been the topic of a number of recent research reports. DNB Markets set a $9.00 price objective on A10 Networks in a research report on Monday, March 9th. BTIG Research upped their price target on A10 Networks from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Sidoti reiterated a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a report on Monday, April 20th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings cut A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.29.

A10 Networks Stock Up 0.1%

The business’s fifty day simple moving average is $27.84 and its 200 day simple moving average is $22.10. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 52.73 and a beta of 1.20. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $72.62 million. During the same quarter in the prior year, the business posted $0.20 EPS. The firm’s quarterly 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. Equities analysts forecast that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

Insider Activity

In other news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction dated 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. The trade was a 26.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA bought a new stake in A10 Networks in the first quarter valued at approximately $240,000. Cim Investment Management Inc. boosted its position in shares of A10 Networks by 42.0% during the first quarter. Cim Investment Management Inc. now owns 15,292 shares of the communications equipment provider’s stock worth $354,000 after purchasing an additional 4,521 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of A10 Networks by 24.9% in the 1st quarter. Bank of America Corp DE now owns 206,670 shares of the communications equipment provider’s stock valued at $4,778,000 after buying an additional 41,197 shares during the period. Janus Henderson Group PLC grew its holdings in shares of A10 Networks by 171.1% in the 1st quarter. Janus Henderson Group PLC now owns 87,505 shares of the communications equipment provider’s stock valued at $2,023,000 after buying an additional 55,227 shares during the period. Finally, Amundi increased its position in shares of A10 Networks by 6.7% in the 1st quarter. Amundi now owns 40,416 shares of the communications equipment provider’s stock valued at $934,000 after buying an additional 2,532 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

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.