A10 Networks’ (ATEN) Buy Rating Reiterated at BWS Financial

BWS Financial reissued their buy rating on shares of A10 Networks (NYSE:ATEN) in a research note published on Friday,Benzinga reports. The firm currently has a $24.00 price objective on the communications equipment provider’s stock.

ATEN has been the topic of several other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of A10 Networks in a research note on Saturday, April 26th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Craig Hallum raised A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday. Finally, Raymond James began coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a “market perform” rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

A10 Networks Trading Down 0.5 %

A10 Networks stock opened at $16.37 on Friday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 24.43 and a beta of 1.37. The business has a 50-day moving average of $17.15 and a 200-day moving average of $17.73. A10 Networks has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to analysts’ expectations of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. Research analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks’s payout ratio is 35.82%.

Hedge Funds Weigh In On A10 Networks

Several hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after purchasing an additional 106,672 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of A10 Networks by 3.6% in the 3rd quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider’s stock valued at $937,000 after acquiring an additional 2,187 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of A10 Networks by 59.0% in the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock valued at $4,681,000 after acquiring an additional 120,342 shares during the last quarter. GAMMA Investing LLC raised its holdings in A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 744 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in A10 Networks by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock worth $15,017,000 after acquiring an additional 20,537 shares in the last quarter. 98.61% of the stock is 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.