A10 Networks’ (ATEN) Hold (C) Rating Reiterated at Weiss Ratings

A10 Networks (NYSE:ATEN)‘s stock had its “hold (c)” rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on ATEN. Mizuho initiated coverage on A10 Networks in a report on Monday. They set a “neutral” rating for the company. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Raymond James Financial initiated coverage on A10 Networks in a report on Wednesday, April 23rd. They set a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a report on Friday, June 27th. They set a “buy” rating and a $22.00 target price for the company. Finally, BWS Financial reaffirmed a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

A10 Networks Trading Up 2.5%

Shares of NYSE ATEN opened at $18.45 on Thursday. The company has a quick ratio of 3.87, a current ratio of 4.05 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $18.13 and a two-hundred day simple moving average of $18.19. The firm has a market cap of $1.33 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 4.27 and a beta of 1.39. A10 Networks has a twelve month low of $12.27 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. Analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel owned 61,007 shares of the company’s stock, valued at $1,052,980.82. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.15% of the stock is currently owned by corporate insiders.

Institutional Trading of A10 Networks

Several large investors have recently modified their holdings of ATEN. Charles Schwab Investment Management Inc. grew its stake in A10 Networks by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock worth $12,299,000 after purchasing an additional 17,510 shares in the last quarter. Proficio Capital Partners LLC bought a new position in A10 Networks in the fourth quarter worth about $325,000. Intech Investment Management LLC lifted its holdings in A10 Networks by 107.0% in the fourth quarter. Intech Investment Management LLC now owns 40,733 shares of the communications equipment provider’s stock worth $749,000 after acquiring an additional 21,053 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in A10 Networks in the fourth quarter worth about $161,000. Finally, Teacher Retirement System of Texas lifted its holdings in A10 Networks by 87.0% in the fourth quarter. Teacher Retirement System of Texas now owns 222,875 shares of the communications equipment provider’s stock worth $4,101,000 after acquiring an additional 103,673 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

About A10 Networks

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.