A10 Networks, Inc. (NYSE:ATEN) Receives Average Recommendation of “Moderate Buy” from Analysts

A10 Networks, Inc. (NYSE:ATEN) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.00.

Several research firms recently commented on ATEN. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research note on Friday, June 27th. They issued a “buy” rating and a $22.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, September 3rd. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Mizuho began coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a “neutral” rating for the company. Finally, BTIG Research upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, August 6th.

Insider Buying and Selling

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the sale, the chief financial officer directly owned 77,599 shares in the company, valued at $1,399,109.97. This 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 hyperlink. 1.15% of the stock is owned by corporate insiders.

Institutional Trading of A10 Networks

Institutional investors have recently modified their holdings of the company. Vestcor Inc acquired a new stake in A10 Networks during the 1st quarter worth approximately $44,000. Sunbelt Securities Inc. acquired a new stake in shares of A10 Networks in the fourth quarter worth $50,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of A10 Networks in the 1st quarter valued at $55,000. CWM LLC lifted its holdings in shares of A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock valued at $76,000 after acquiring an additional 1,454 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in A10 Networks by 120.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after purchasing an additional 3,225 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 1.4%

Shares of NYSE ATEN opened at $17.43 on Wednesday. The firm has a market cap of $1.26 billion, a P/E ratio of 25.63 and a beta of 1.37. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. A10 Networks has a 1 year low of $13.63 and a 1 year high of $21.90. The firm’s 50 day moving average price is $17.90 and its 200 day moving average price is $17.62.

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

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.06 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

About A10 Networks

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.