A10 Networks (NYSE:ATEN) Sets New 1-Year High – Here’s What Happened

A10 Networks, Inc. (NYSE:ATEN) hit a new 52-week high on Friday . The stock traded as high as $21.39 and last traded at $21.0840, with a volume of 38317 shares trading hands. The stock had previously closed at $21.06.

Analysts Set New Price Targets

ATEN has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $22.00 price objective on shares of A10 Networks in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. BWS Financial increased their price target on shares of A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Mizuho raised their price objective on shares of A10 Networks from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.29.

A10 Networks Trading Down 1.0%

The firm has a fifty day simple moving average of $18.87 and a two-hundred day simple moving average of $18.12. The stock has a market cap of $1.49 billion, a PE ratio of 35.92 and a beta of 1.22. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s payout ratio is currently 41.38%.

Insider Activity at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer owned 713,597 shares in the company, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by insiders.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently added to or reduced their stakes in ATEN. Royal Bank of Canada increased its position in shares of A10 Networks by 131.3% during the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after purchasing an additional 120,966 shares during the last quarter. Goldman Sachs Group Inc. grew its position in A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock valued at $13,648,000 after acquiring an additional 51,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in A10 Networks by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock valued at $3,311,000 after acquiring an additional 11,268 shares during the last quarter. Jane Street Group LLC lifted its stake in A10 Networks by 120.0% in the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock worth $2,835,000 after purchasing an additional 94,641 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after buying an additional 33,262 shares during the period. Institutional investors own 98.61% of the company’s stock.

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.