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

A10 Networks, Inc. (NYSE:ATEN) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.00.

Several equities research analysts have recently weighed in on ATEN shares. BTIG Research reiterated a “buy” rating and set a $22.00 price target on shares of A10 Networks in a research report on Friday, February 20th. BWS Financial upped their target price 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. Mizuho boosted their price target 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 downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday.

Insider Buying and Selling at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks 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 completion of the sale, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently added to or reduced their stakes in ATEN. Linden Thomas Advisory Services LLC increased its position in shares of A10 Networks by 4.0% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock valued at $262,000 after purchasing an additional 554 shares during the last quarter. New York State Teachers Retirement System boosted its stake in A10 Networks by 1.8% in the third quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock worth $584,000 after buying an additional 577 shares in the last quarter. Amalgamated Bank grew its position in A10 Networks by 3.5% during the third quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock valued at $384,000 after acquiring an additional 710 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of A10 Networks by 0.7% during the second quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock worth $2,122,000 after acquiring an additional 731 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of A10 Networks by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock worth $705,000 after acquiring an additional 737 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Up 2.6%

Shares of ATEN stock opened at $20.38 on Wednesday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 35.14 and a beta of 1.22. The company’s fifty day simple moving average is $18.48 and its two-hundred day simple moving average is $17.96. A10 Networks has a 1 year low of $13.81 and a 1 year high of $21.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43.

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

A10 Networks Dividend Announcement

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%.

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.