A10 Networks (NYSE:ATEN) Stock Price Target Cut by Mizuho

A10 Networks (NYSE:ATEN) had its target price dropped by investment analysts at Mizuho from $34.00 to $30.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the communications equipment provider’s stock. Mizuho’s target price points to a potential upside of 17.23% from the company’s current price.

A number of other research firms also recently issued reports on ATEN. Weiss Ratings downgraded shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. BWS Financial restated a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a research note on Monday, August 31st. They issued a “hold” rating and a $28.00 price target for the company. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, A10 Networks has a consensus rating of “Hold” and a consensus price target of $30.38.

A10 Networks Trading Down 5.4%

ATEN stock traded down $1.46 during mid-day trading on Thursday, reaching $25.59. The company’s stock had a trading volume of 460,591 shares, compared to its average volume of 1,103,790. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 42.72 and a beta of 1.13. The business’s 50 day moving average price is $26.48 and its 200 day moving average price is $29.06. A10 Networks has a 12 month low of $16.52 and a 12 month high of $38.49.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities analysts expect that A10 Networks will post 0.81 EPS for the current fiscal year.

Insider Transactions at A10 Networks

In related news, General Counsel Robert Weber sold 14,086 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel owned 50,586 shares in the company, valued at $1,409,325.96. This represents a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the transaction, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC bought a new position in A10 Networks during the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in A10 Networks during the 2nd quarter worth $27,000. SBI Securities Co. Ltd. grew its stake in shares of A10 Networks by 83.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 531 shares in the last quarter. State of Wyoming bought a new stake in shares of A10 Networks in the 2nd quarter worth $57,000. Finally, Signaturefd LLC raised its holdings in shares of A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

About A10 Networks

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company’s portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.