A10 Networks, Inc. (NYSE:ATEN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of A10 Networks, Inc. (NYSE:ATEN) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.00.

Several brokerages recently commented on ATEN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a research report on Friday, June 27th. They set a “buy” rating and a $22.00 price target for the company. Mizuho initiated coverage on shares of A10 Networks in a research note on Monday, July 14th. They issued a “neutral” rating for the company. BWS Financial restated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Friday, May 2nd. BTIG Research upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, August 6th. Finally, Craig Hallum upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, May 2nd.

A10 Networks Stock Down 1.1%

Shares of NYSE ATEN opened at $17.17 on Friday. A10 Networks has a 12-month low of $12.72 and a 12-month high of $21.90. The company has a market capitalization of $1.24 billion, a PE ratio of 25.25 and a beta of 1.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. The firm’s 50-day moving average is $18.46 and its two-hundred day moving average is $18.12.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $69.38 million during the quarter, compared to analyst estimates of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. Equities analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.4%. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

Insider Activity

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were 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 approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Becker sold 6,400 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the transaction, the chief financial officer directly owned 77,599 shares in the company, valued at approximately $1,399,109.97. The trade was a 7.62% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider’s stock worth $120,823,000 after purchasing an additional 34,634 shares during the period. Penserra Capital Management LLC increased its position in A10 Networks by 56.2% during the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after acquiring an additional 1,425,792 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in A10 Networks by 8.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,682,442 shares of the communications equipment provider’s stock worth $43,840,000 after acquiring an additional 202,453 shares during the period. Boston Trust Walden Corp increased its position in A10 Networks by 31.4% during the second quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider’s stock worth $41,850,000 after acquiring an additional 516,872 shares during the period. Finally, First Trust Advisors LP increased its holdings in A10 Networks by 12.4% in the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after buying an additional 214,778 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.