A10 Networks (NYSE:ATEN) Reaches New 52-Week High – Should You Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $28.66 and last traded at $28.3250, with a volume of 481618 shares changing hands. The stock had previously closed at $28.03.

Analysts Set New Price Targets

ATEN has been the subject of several analyst reports. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. BWS Financial increased their price objective on shares of A10 Networks from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sidoti reissued a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a research report on Monday, April 20th. Loop Capital set a $25.00 price target on shares of A10 Networks in a report on Monday, March 9th. Finally, BTIG Research lifted their price target on shares of A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.86.

A10 Networks Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The company has a market capitalization of $2.03 billion, a PE ratio of 45.44 and a beta of 1.17. The company has a 50 day moving average price of $24.44 and a 200 day moving average price of $20.30.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $72.62 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities analysts forecast that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

Insider Buying and Selling

In related news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the sale, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in shares of A10 Networks in the 1st quarter valued at approximately $115,600,000. Boston Partners acquired a new position in A10 Networks in the fourth quarter worth $14,795,000. Barclays PLC boosted its holdings in A10 Networks by 103.7% in the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after purchasing an additional 695,150 shares during the period. Wellington Management Group LLP increased its stake in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after purchasing an additional 588,922 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of A10 Networks during the first quarter worth $13,058,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

About A10 Networks

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.