A10 Networks (NYSE:ATEN) Rating Increased to Buy at Wall Street Zen

A10 Networks (NYSE:ATEN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Mizuho increased their price target on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday. BTIG Research reiterated a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a research note on Friday. Finally, BWS Financial upped their price objective on A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

A10 Networks Trading Up 1.4%

ATEN opened at $19.96 on Friday. A10 Networks has a 52-week low of $13.81 and a 52-week high of $21.31. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.43 billion, a P/E ratio of 34.42 and a beta of 1.23. The firm’s 50 day moving average is $18.29 and its 200-day moving average is $17.87.

A10 Networks (NYSE:ATEN) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The company had revenue of $80.36 million during the quarter, compared to the consensus estimate of $78.09 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Analysts expect that A10 Networks will post 0.69 EPS for the current fiscal year.

Insider Transactions at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.15% of the company’s stock.

Institutional Trading of A10 Networks

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its position in A10 Networks by 12.8% in the 4th quarter. Invesco Ltd. now owns 836,178 shares of the communications equipment provider’s stock worth $14,792,000 after purchasing an additional 95,148 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of A10 Networks during the fourth quarter worth approximately $769,000. Tudor Investment Corp ET AL grew its holdings in A10 Networks by 16.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 370,444 shares of the communications equipment provider’s stock worth $6,553,000 after buying an additional 51,022 shares in the last quarter. Millennium Management LLC increased its position in A10 Networks by 46.4% in the 4th quarter. Millennium Management LLC now owns 212,072 shares of the communications equipment provider’s stock valued at $3,752,000 after acquiring an additional 67,227 shares during the period. Finally, Engineers Gate Manager LP raised its stake in A10 Networks by 2.7% during the 4th quarter. Engineers Gate Manager LP now owns 39,850 shares of the communications equipment provider’s stock valued at $705,000 after acquiring an additional 1,060 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.