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

Shares of A10 Networks, Inc. (NYSE:ATEN) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Five 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 brokerages that have issued ratings on the stock in the last year is $30.88.

ATEN has been the topic of several analyst reports. Mizuho lifted their target price on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. BWS Financial reissued a “buy” rating and set a $45.00 price target on shares of A10 Networks in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of A10 Networks in a report on Monday, August 31st. They issued a “hold” rating and a $28.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th.

Insiders Place Their Bets

In related news, General Counsel Robert Weber sold 14,086 shares of the business’s 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 transaction, the general counsel directly owned 50,586 shares in the company, valued at $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the company’s 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 directly owned 57,409 shares in the company, valued at $1,472,540.85. This represents a 4.42% 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 company insiders.

Institutional Trading of A10 Networks

A number of institutional investors have recently bought and sold shares of ATEN. BlackRock Inc. acquired a new stake in A10 Networks during the 2nd quarter worth about $506,919,000. Hsbc Holdings PLC lifted its holdings in A10 Networks by 84.3% in the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock valued at $2,724,000 after acquiring an additional 70,357 shares during the period. Rice Hall James & Associates LLC purchased a new stake in A10 Networks during the second quarter worth $9,158,000. Royal Bank of Canada grew its position in shares of A10 Networks by 9,899.3% during the 1st quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider’s stock valued at $12,403,000 after acquiring an additional 531,096 shares during the period. Finally, AlphaQuest LLC grew its holdings in A10 Networks by 967.4% in the fourth quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock valued at $2,878,000 after purchasing an additional 147,444 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 2.9%

A10 Networks stock opened at $25.97 on Friday. The firm has a market cap of $1.89 billion, a P/E ratio of 43.28 and a beta of 1.13. The business has a fifty day moving average of $27.90 and a two-hundred day moving average of $28.47. A10 Networks has a twelve month low of $16.52 and a twelve month high of $38.49.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million during 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 business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities analysts expect that A10 Networks will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

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

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.