A10 Networks, Inc. (NYSE:ATEN) Given Average Recommendation of “Hold” by Brokerages

A10 Networks, Inc. (NYSE:ATEN) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.7143.

Several equities research analysts have recently commented on ATEN shares. Sidoti restated a “neutral” rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Piper Sandler set a $45.00 price target on A10 Networks in a report on Tuesday, June 16th. BTIG Research upped their price target on A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Mizuho raised their price objective on A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th.

Insider Buying and Selling

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the sale, the director owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Trading of A10 Networks

Hedge funds and other institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of A10 Networks during the 4th quarter valued at $26,000. Farther Finance Advisors LLC boosted its holdings in A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 1,083 shares during the period. Parkside Financial Bank & Trust boosted its holdings in A10 Networks by 4,621.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 2,357 shares during the period. Clearstead Advisors LLC increased its stake in A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 2,405 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in A10 Networks in the 4th quarter worth $77,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Stock Performance

NYSE ATEN traded up $0.69 during trading hours on Tuesday, hitting $37.13. 265,718 shares of the company’s stock traded hands, compared to its average volume of 1,024,029. A10 Networks has a 52 week low of $16.52 and a 52 week high of $38.39. The firm has a market capitalization of $2.67 billion, a P/E ratio of 59.89 and a beta of 1.14. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. The business’s fifty day moving average price is $30.96 and its two-hundred day moving average price is $24.14.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.61 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts predict that A10 Networks will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s dividend payout ratio is currently 38.71%.

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.