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

A10 Networks, Inc. (NYSE:ATEN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.00.

A number of research analysts have commented on ATEN shares. BTIG Research restated a “buy” rating and set a $22.00 price objective on shares of A10 Networks in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

A10 Networks Trading Up 6.1%

Shares of ATEN stock opened at $20.86 on Friday. A10 Networks has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The firm’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $17.74. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 35.97 and a beta of 1.23. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03.

A10 Networks (NYSE:ATEN) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The business had revenue of $80.36 million for the quarter, compared to the consensus estimate of $78.09 million. During the same quarter last year, the firm posted $0.24 EPS. 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. On average, analysts anticipate that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.24 annualized dividend and a yield of 1.2%. A10 Networks’s payout ratio is 41.38%.

Hedge Funds Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. Geode Capital Management LLC grew its stake in shares of A10 Networks by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,777,631 shares of the communications equipment provider’s stock valued at $31,452,000 after acquiring an additional 10,052 shares in the last quarter. AlphaQuest LLC grew its stake in A10 Networks by 967.4% during the 4th quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock valued at $2,878,000 after purchasing an additional 147,444 shares in the last quarter. Royce & Associates LP grew its stake in A10 Networks by 4.7% during the 4th quarter. Royce & Associates LP now owns 727,410 shares of the communications equipment provider’s stock valued at $12,868,000 after purchasing an additional 32,582 shares in the last quarter. Fisher Asset Management LLC increased its holdings in A10 Networks by 7.0% during the 4th quarter. Fisher Asset Management LLC now owns 74,557 shares of the communications equipment provider’s stock worth $1,319,000 after purchasing an additional 4,875 shares during the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.