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

Shares of A10 Networks, Inc. (NYSE:ATEN) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.00.

A number of research analysts recently commented on ATEN shares. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, October 8th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

A10 Networks Stock Up 1.2%

Shares of ATEN opened at $18.30 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.49 and a current ratio of 3.64. The company has a 50-day simple moving average of $17.56 and a 200-day simple moving average of $17.95. A10 Networks has a 52 week low of $13.81 and a 52 week high of $21.90. The firm has a market capitalization of $1.31 billion, a P/E ratio of 26.91 and a beta of 1.27.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The firm had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that A10 Networks will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. A10 Networks’s payout ratio is presently 35.29%.

Hedge Funds Weigh In On A10 Networks

A number of hedge funds have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC lifted its holdings in shares of A10 Networks by 4.0% in the third quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock valued at $262,000 after purchasing an additional 554 shares in the last quarter. New York State Teachers Retirement System raised its position in A10 Networks by 1.8% in the 3rd quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock valued at $584,000 after buying an additional 577 shares during the last quarter. Amalgamated Bank lifted its stake in A10 Networks by 3.5% in the 3rd quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock valued at $384,000 after acquiring an additional 710 shares in the last quarter. Franklin Resources Inc. boosted its position in A10 Networks by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock worth $2,122,000 after acquiring an additional 731 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of A10 Networks by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock worth $705,000 after acquiring an additional 737 shares in the last quarter. 98.61% of the stock is 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.