A10 Networks, Inc. (NYSE:ATEN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of A10 Networks, Inc. (NYSE:ATEN) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.00.

Several brokerages recently issued reports on ATEN. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. BTIG Research raised A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th.

A10 Networks Price Performance

ATEN stock opened at $16.84 on Monday. The company’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $17.91. The firm has a market cap of $1.21 billion, a P/E ratio of 24.77 and a beta of 1.30. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. A10 Networks has a 12 month low of $13.81 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The firm had revenue of $74.68 million during the quarter, compared to analysts’ expectations of $70.70 million. During the same period in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.06 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. A10 Networks’s payout ratio is currently 35.29%.

Institutional Trading of A10 Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC raised its holdings in A10 Networks by 4.0% during the third quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock worth $262,000 after buying an additional 554 shares during the last quarter. New York State Teachers Retirement System raised its position in A10 Networks by 1.8% in the third quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock worth $584,000 after acquiring an additional 577 shares during the period. Amalgamated Bank raised its holdings in shares of A10 Networks by 3.5% in the 3rd quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock worth $384,000 after purchasing an additional 710 shares during the period. Franklin Resources Inc. raised its stake in shares of A10 Networks by 0.7% in the second quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock valued at $2,122,000 after buying an additional 731 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in A10 Networks by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after acquiring an additional 737 shares during the period. 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.