A10 Networks (NYSE:ATEN) Price Target Raised to $16.00

A10 Networks (NYSE:ATEN) had its price objective upped by Craig Hallum from $15.00 to $16.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Separately, BWS Financial boosted their price target on shares of A10 Networks from $15.00 to $17.00 and gave the stock a buy rating in a research note on Wednesday, February 7th.

A10 Networks Trading Down 1.2 %

ATEN opened at $15.15 on Wednesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 24.84 and a beta of 1.13. The stock has a 50-day moving average price of $13.63 and a 200-day moving average price of $12.99. A10 Networks has a 12-month low of $10.03 and a 12-month high of $15.99.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $59.43 million. A10 Networks had a return on equity of 22.42% and a net margin of 17.96%. A10 Networks’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, equities research analysts predict that A10 Networks will post 0.66 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio is 39.34%.

Insider Buying and Selling

In other A10 Networks news, CFO Brian Becker sold 15,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total transaction of $193,950.00. Following the completion of the sale, the chief financial officer now owns 34,252 shares of the company’s stock, valued at approximately $442,878.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Dhrupad Trivedi sold 8,679 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total transaction of $113,347.74. Following the transaction, the chief executive officer now directly owns 556,420 shares of the company’s stock, valued at $7,266,845.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Becker sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total value of $193,950.00. Following the completion of the sale, the chief financial officer now directly owns 34,252 shares of the company’s stock, valued at approximately $442,878.36. The disclosure for this sale can be found here. Insiders have sold a total of 86,332 shares of company stock valued at $1,138,273 over the last three months. 5.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of A10 Networks in the 4th quarter worth approximately $163,000. Harbor Capital Advisors Inc. raised its holdings in A10 Networks by 6.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock worth $176,000 after purchasing an additional 816 shares in the last quarter. Quantbot Technologies LP purchased a new position in A10 Networks during the third quarter valued at $181,000. Gladius Capital Management LP boosted its holdings in shares of A10 Networks by 20.8% during the 4th quarter. Gladius Capital Management LP now owns 16,138 shares of the communications equipment provider’s stock valued at $213,000 after buying an additional 2,782 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new stake in shares of A10 Networks in the 3rd quarter worth about $227,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.