A10 Networks, Inc. (NYSE:ATEN) Receives $22.00 Consensus Target Price from Analysts

Shares of A10 Networks, Inc. (NYSE:ATEN) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.00.

ATEN has been the topic of a number of recent research reports. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $17.30 on Tuesday. The firm’s 50 day simple moving average is $17.53 and its 200-day simple moving average is $17.83. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.49 and a current ratio of 3.64. A10 Networks has a one year low of $13.81 and a one year high of $21.90. The firm has a market cap of $1.24 billion, a PE ratio of 25.45 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $70.70 million. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.A10 Networks’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. As a group, equities analysts predict that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. A10 Networks’s dividend payout ratio is presently 35.29%.

Hedge Funds Weigh In On A10 Networks

Large investors have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC lifted its holdings in A10 Networks by 4.0% during the third quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock worth $262,000 after buying an additional 554 shares during the period. New York State Teachers Retirement System raised its position in shares of A10 Networks by 1.8% in the 3rd quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock worth $584,000 after acquiring an additional 577 shares in the last quarter. Amalgamated Bank lifted its stake in shares of A10 Networks by 3.5% during the 3rd quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock worth $384,000 after purchasing an additional 710 shares during the last quarter. Franklin Resources Inc. boosted its position in A10 Networks by 0.7% during the second quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock valued at $2,122,000 after purchasing an additional 731 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in A10 Networks by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after purchasing an additional 737 shares during the last quarter. 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.