A10 Networks (NYSE:ATEN) Shares Up 4.7% – Here’s What Happened

A10 Networks, Inc. (NYSE:ATEN)’s share price rose 4.7% during trading on Tuesday . The stock traded as high as $26.39 and last traded at $26.8010. 84,222 shares traded hands during trading, a decline of 92% from the average daily volume of 1,092,197 shares. The stock had previously closed at $25.61.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Piper Sandler set a $45.00 target price on shares of A10 Networks in a research note on Tuesday, June 16th. 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. BTIG Research reaffirmed a “buy” rating and issued a $37.00 price target on shares of A10 Networks in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a report on Monday, August 31st. They set a “hold” rating and a $28.00 price objective on the stock. Two research 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, the company has an average rating of “Hold” and a consensus target price of $30.88.

A10 Networks Price Performance

The firm has a market capitalization of $1.93 billion, a PE ratio of 44.20 and a beta of 1.13. The firm’s fifty day moving average is $29.16 and its two-hundred day moving average is $28.20.

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

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 17th. A10 Networks’s payout ratio is 40.00%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares in the company, valued at $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. 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 currently owned by company insiders.

Institutional Trading of A10 Networks

Several hedge funds have recently added to or reduced their stakes in ATEN. The Manufacturers Life Insurance Company grew its stake in shares of A10 Networks by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 29,959 shares of the communications equipment provider’s stock valued at $1,119,000 after buying an additional 458 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in A10 Networks during the 2nd quarter worth approximately $204,000. Integrated Wealth Concepts LLC bought a new position in A10 Networks during the 2nd quarter worth approximately $158,000. Baird Financial Group Inc. purchased a new position in A10 Networks in the 2nd quarter worth approximately $252,000. Finally, Allianz Asset Management GmbH lifted its position in A10 Networks by 20.6% in the second quarter. Allianz Asset Management GmbH now owns 79,525 shares of the communications equipment provider’s stock valued at $2,971,000 after purchasing an additional 13,570 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Company Profile

A10 Networks, Inc is a cybersecurity and application networking company that provides solutions designed to improve the performance, availability and security of enterprise and service-provider networks. Its offerings help organizations manage application traffic, protect online services from cyber threats and support the delivery of digital services across data centers, private clouds and public cloud environments.

The company’s portfolio has included the Thunder family of products, such as application delivery controllers, carrier-grade networking solutions, cloud firewalls and SSL inspection platforms.