Brokerages Set A10 Networks, Inc. (NYSE:ATEN) PT at $31.29

Shares of A10 Networks, Inc. (NYSE:ATEN) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.8750.

ATEN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on A10 Networks in a report on Monday. They issued a “hold” rating and a $28.00 target price for the company. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Mizuho increased their price target on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Piper Sandler set a $45.00 price objective on shares of A10 Networks in a report on Tuesday, June 16th.

Insider Activity at A10 Networks

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction that occurred 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 sale, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the sale, the director owned 57,409 shares in the company, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their position. 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 insiders.

Institutional Trading of A10 Networks

Several large investors have recently bought and sold shares of ATEN. BlackRock Inc. acquired a new position in shares of A10 Networks during the 2nd quarter worth $506,919,000. Walleye Capital LLC acquired a new stake in A10 Networks in the 1st quarter valued at about $115,600,000. California State Teachers Retirement System grew its stake in A10 Networks by 3,036.2% in the 2nd quarter. California State Teachers Retirement System now owns 2,868,052 shares of the communications equipment provider’s stock valued at $107,150,000 after acquiring an additional 2,776,601 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in A10 Networks by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after acquiring an additional 35,381 shares in the last quarter. Finally, First Trust Advisors LP raised its position in A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after acquiring an additional 429,066 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Trading Down 1.9%

Shares of ATEN stock opened at $24.90 on Wednesday. The stock has a 50 day simple moving average of $31.62 and a 200-day simple moving average of $27.79. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 41.50 and a beta of 1.13. A10 Networks has a 12-month low of $16.52 and a 12-month high of $38.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $77.28 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts forecast that A10 Networks 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. Stockholders of record on Monday, August 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

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.