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

Shares of A10 Networks, Inc. (NYSE:ATEN) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.00.

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a research report on Friday, June 27th. They issued a “buy” rating and a $22.00 price target for the company. Wall Street Zen upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Thursday, September 18th. BTIG Research raised shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, August 6th. Finally, Mizuho initiated coverage on shares of A10 Networks in a research note on Monday, July 14th. They issued a “neutral” rating on the stock.

A10 Networks Stock Performance

ATEN stock opened at $18.36 on Friday. The business’s fifty day moving average is $17.80 and its 200-day moving average is $17.57. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.32 billion, a P/E ratio of 26.99 and a beta of 1.27. A10 Networks has a twelve month low of $13.81 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $69.38 million for the quarter, compared to the consensus estimate of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. Equities research analysts forecast that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. A10 Networks’s dividend payout ratio (DPR) is 35.29%.

Insider Transactions at A10 Networks

In related news, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the transaction, the chief financial officer directly owned 77,599 shares of the company’s stock, valued at $1,399,109.97. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.15% of the stock is owned by company insiders.

Institutional Trading of A10 Networks

A number of hedge funds and other institutional investors have recently modified their holdings of ATEN. Vestcor Inc bought a new stake in shares of A10 Networks during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of A10 Networks during the first quarter worth $55,000. CWM LLC grew its stake in shares of A10 Networks by 45.6% during the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock worth $76,000 after buying an additional 1,454 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of A10 Networks by 120.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after buying an additional 3,225 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of A10 Networks during the first quarter worth $188,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.