A10 Networks (NYSE:ATEN) Stock Gets Price Target Cut from Mizuho

A10 Networks (NYSE:ATEN) had its price objective cut by Mizuho from $34.00 to $30.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the communications equipment provider’s stock.

ATEN has been the subject of a number of other research reports. BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research report on Friday, August 14th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BTIG Research reissued a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a research note on Monday, August 31st. They issued a “hold” rating and a $28.00 target price on the stock. Finally, Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.38.

A10 Networks Stock Performance

Shares of ATEN opened at $24.52 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of 40.86 and a beta of 1.13. A10 Networks has a fifty-two week low of $16.52 and a fifty-two week high of $38.49. The firm’s 50-day simple moving average is $26.39 and its two-hundred day simple moving average is $29.05.

A10 Networks (NYSE:ATEN) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business had revenue of $80.14 million during the quarter, compared to the consensus estimate of $77.28 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities research analysts predict that A10 Networks will post 0.81 EPS for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

Insider Activity at A10 Networks

In related news, Director Dana Wolf sold 2,652 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cim Investment Management Inc. lifted its position in A10 Networks by 7.4% during the second quarter. Cim Investment Management Inc. now owns 16,427 shares of the communications equipment provider’s stock valued at $614,000 after purchasing an additional 1,135 shares during the period. Envestnet Asset Management Inc. bought a new stake in A10 Networks in the 2nd quarter worth approximately $9,262,000. The Manufacturers Life Insurance Company grew its position in A10 Networks by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,959 shares of the communications equipment provider’s stock worth $1,119,000 after purchasing an additional 458 shares during the period. Sequoia Financial Advisors LLC bought a new stake in A10 Networks in the 2nd quarter worth approximately $204,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in A10 Networks during the 2nd quarter valued at $158,000. 98.61% of the stock is owned by institutional investors.

A10 Networks Company Profile

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company’s portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.