A10 Networks (NYSE:ATEN) Receives Hold (C+) Rating from Weiss Ratings

A10 Networks (NYSE:ATEN)‘s stock had its “hold (c+)” rating restated by equities researchers at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

A number of other research firms have also recently commented on ATEN. BWS Financial reiterated a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Mizuho started coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a “neutral” rating for the company. Raymond James Financial started coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a “market perform” rating on the stock. BTIG Research upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a report on Friday, June 27th. They set a “buy” rating and a $22.00 target price for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Stock Down 0.0%

NYSE:ATEN opened at $17.18 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The firm has a market cap of $1.24 billion, a P/E ratio of 25.26 and a beta of 1.35. A10 Networks has a fifty-two week low of $12.72 and a fifty-two week high of $21.90. The firm has a 50-day simple moving average of $18.44 and a two-hundred day simple moving average of $18.09.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $69.38 million for the quarter, compared to the consensus estimate of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. Analysts predict 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, CFO Brian Becker sold 6,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the transaction, the chief financial officer owned 77,599 shares in the company, valued at $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Robert Scott Weber sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total value of $43,150.00. Following the completion of the sale, the general counsel owned 61,007 shares in the company, valued at approximately $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Institutional Trading of A10 Networks

Several institutional investors and hedge funds have recently modified their holdings of ATEN. Principal Financial Group Inc. grew its holdings in A10 Networks by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 416,548 shares of the communications equipment provider’s stock worth $6,806,000 after acquiring an additional 12,282 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of A10 Networks in the 1st quarter worth approximately $295,000. Squarepoint Ops LLC boosted its stake in shares of A10 Networks by 363.8% during the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider’s stock valued at $2,206,000 after purchasing an additional 94,032 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of A10 Networks by 1,938.5% during the first quarter. GAMMA Investing LLC now owns 50,066 shares of the communications equipment provider’s stock valued at $818,000 after purchasing an additional 47,610 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in A10 Networks by 50.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 20,592 shares of the communications equipment provider’s stock valued at $336,000 after buying an additional 6,893 shares during the period. Institutional investors own 98.61% of the company’s stock.

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.