A10 Networks, Inc. (NYSE:ATEN) Given Consensus Rating of “Moderate Buy” by Brokerages

A10 Networks, Inc. (NYSE:ATEN) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.8571.

Several analysts recently commented on the stock. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Loop Capital set a $25.00 price target on shares of A10 Networks in a report on Monday, March 9th. BTIG Research lifted their target price on shares of A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, DNB Markets set a $9.00 target price on shares of A10 Networks in a report on Monday, March 9th.

A10 Networks Stock Performance

Shares of ATEN opened at $27.95 on Monday. The firm has a 50-day moving average of $24.58 and a 200-day moving average of $20.37. A10 Networks has a one year low of $16.52 and a one year high of $28.66. The company has a market cap of $2.01 billion, a PE ratio of 45.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56.

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

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. A10 Networks’s dividend payout ratio is currently 38.71%.

Insider Activity at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director directly owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ATEN. Royal Bank of Canada lifted 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 acquiring an additional 120,966 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 worth $13,648,000 after buying an additional 51,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of A10 Networks by 5.9% in 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 purchasing an additional 11,268 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of 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 valued at $2,835,000 after purchasing an additional 94,641 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of A10 Networks by 81.7% in 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 purchasing an additional 33,262 shares during the last quarter. Institutional investors and hedge funds 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.