A10 Networks (NYSE:ATEN) Shares Climb 5.6% – Time to Buy?

A10 Networks, Inc. (NYSE:ATEN) shares shot up 5.6% during trading on Monday. The company traded as high as $26.51 and last traded at $26.8650. 86,522 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,099,312 shares. The stock had previously closed at $25.45.

Wall Street Analyst Weigh In

A number of research firms have commented on ATEN. Weiss Ratings cut A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. BWS Financial reaffirmed a “buy” rating and issued a $45.00 target price on shares of A10 Networks in a report on Friday, August 14th. Mizuho lowered their target price on A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. BTIG Research reissued a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a report on Monday, August 31st. They set a “hold” rating and a $28.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to 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

The stock has a 50-day simple moving average of $26.15 and a 200 day simple moving average of $26.31.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. During the same quarter last year, the business earned $0.21 earnings per share. A10 Networks’s quarterly revenue 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 analysts predict that A10 Networks, Inc. will post 0.81 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.9%.

Insider Activity at A10 Networks

In other news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the transaction, the general counsel owned 50,586 shares in the company, valued at $1,409,325.96. The trade was a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. 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. 1.21% of the stock is owned by corporate insiders.

Institutional Trading of A10 Networks

Several hedge funds have recently added to or reduced their stakes in ATEN. Transamerica Financial Advisors LLC acquired a new stake in A10 Networks during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of A10 Networks in the second quarter valued at approximately $27,000. SBI Securities Co. Ltd. increased its position in shares of A10 Networks by 83.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 531 shares during the last quarter. State of Wyoming purchased a new stake in shares of A10 Networks during the 2nd quarter worth approximately $57,000. Finally, Sterling Capital Management LLC raised its holdings in shares of A10 Networks by 846.3% in the 3rd quarter. Sterling Capital Management LLC now owns 2,413 shares of the communications equipment provider’s stock worth $65,000 after purchasing an additional 2,158 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

About A10 Networks

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.