A10 Networks (NYSE:ATEN) Shares Pass Above 50-Day Moving Average – Here’s Why

A10 Networks, Inc. (NYSE:ATEN) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $27.29 and traded as high as $31.50. A10 Networks shares last traded at $31.0110, with a volume of 1,009,678 shares.

Analysts Set New Price Targets

Several research firms recently commented on ATEN. Loop Capital set a $25.00 target price on A10 Networks in a research note on Monday, March 9th. BTIG Research boosted their target price on A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. DNB Markets set a $9.00 target price on A10 Networks in a research note on Monday, March 9th. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, A10 Networks has a consensus rating of “Moderate Buy” and an average price target of $23.86.

A10 Networks Price Performance

The company has a market capitalization of $2.23 billion, a PE ratio of 50.02 and a beta of 1.20. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $21.78.

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

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s payout ratio is 38.71%.

Insider Transactions at A10 Networks

In other A10 Networks news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by company insiders.

Institutional Trading of A10 Networks

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in A10 Networks by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after buying an additional 488 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of A10 Networks by 4.0% in 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. The Manufacturers Life Insurance Company lifted its holdings in shares of A10 Networks by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after purchasing an additional 737 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of A10 Networks by 1.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 42,750 shares of the communications equipment provider’s stock valued at $756,000 after purchasing an additional 750 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in shares of A10 Networks by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 71,527 shares of the communications equipment provider’s stock valued at $1,265,000 after purchasing an additional 761 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.