A10 Networks (NYSE:ATEN) Given “Buy” Rating at BWS Financial

BWS Financial reiterated their buy rating on shares of A10 Networks (NYSE:ATEN) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $45.00 price objective on the communications equipment provider’s stock.

Several other analysts also recently weighed in on the company. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Piper Sandler set a $45.00 price target on shares of A10 Networks in a report on Tuesday, June 16th. Sidoti reaffirmed a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Monday, April 20th. Zacks Research lowered shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, BTIG Research reissued a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, A10 Networks currently has an average rating of “Hold” and an average price target of $31.29.

A10 Networks Stock Performance

ATEN opened at $27.40 on Friday. The stock’s 50 day moving average price is $33.22 and its 200-day moving average price is $27.13. A10 Networks has a one year low of $16.52 and a one year high of $38.49. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 45.67 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The firm had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. During the same period last year, the company earned $0.21 EPS. A10 Networks’s quarterly revenue was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, analysts predict that A10 Networks will post 0.81 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio is presently 40.00%.

Insider Activity

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction on 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 approximately $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.21% of the company’s stock.

Institutional Trading of A10 Networks

A number of hedge funds have recently added to or reduced their stakes in ATEN. Royal Bank of Canada increased its position in 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 purchasing an additional 120,966 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of A10 Networks by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after purchasing an additional 51,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of A10 Networks by 5.9% during 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 in the last quarter. Jane Street Group LLC boosted its stake in shares of A10 Networks by 120.0% during 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 in the last quarter. Finally, Intech Investment Management LLC increased its holdings in A10 Networks by 81.7% during 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 buying an additional 33,262 shares during the period. 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.