A10 Networks (NYSE:ATEN) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

A10 Networks, Inc. (NYSE:ATEN) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $29.12 and traded as low as $24.21. A10 Networks shares last traded at $24.53, with a volume of 624,617 shares trading hands.

Analysts Set New Price Targets

ATEN has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Weiss Ratings lowered shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BTIG Research reiterated a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Finally, BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, A10 Networks presently has an average rating of “Hold” and an average price target of $30.38.

A10 Networks Stock Performance

The company has a market cap of $1.78 billion, a price-to-earnings ratio of 40.88 and a beta of 1.13. The company’s 50 day moving average price is $26.16 and its 200 day moving average price is $29.12.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business 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 firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

Insiders Place Their Bets

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the transaction, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This represents a 4.42% 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, General Counsel Robert Weber sold 14,086 shares of the business’s stock in a transaction that occurred on 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 approximately $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by corporate insiders.

Institutional Trading of A10 Networks

A number of large investors have recently bought and sold shares of ATEN. Sterling Capital Management LLC grew its holdings in shares of A10 Networks by 846.3% in the 3rd quarter. Sterling Capital Management LLC now owns 2,413 shares of the communications equipment provider’s stock worth $65,000 after purchasing an additional 2,158 shares during the last quarter. Inspire Investing LLC acquired a new stake in A10 Networks during the 3rd quarter valued at $628,000. Vest Financial LLC boosted its stake in A10 Networks by 6.5% in the third quarter. Vest Financial LLC now owns 70,987 shares of the communications equipment provider’s stock worth $1,924,000 after purchasing an additional 4,317 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in A10 Networks by 76.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,474 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 1,942 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of A10 Networks by 2,514.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 166,833 shares of the communications equipment provider’s stock valued at $4,523,000 after buying an additional 160,452 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

About A10 Networks

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.