BTIG Research Reaffirms “Buy” Rating for A10 Networks (NYSE:ATEN)

A10 Networks (NYSE:ATEN)‘s stock had its “buy” rating restated by equities researchers at BTIG Research in a research report issued on Friday,Benzinga reports. They currently have a $22.00 price target on the communications equipment provider’s stock. BTIG Research’s price objective indicates a potential upside of 10.21% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.00.

A10 Networks Price Performance

Shares of ATEN opened at $19.96 on Friday. The business’s fifty day moving average is $18.29 and its 200 day moving average is $17.87. A10 Networks has a 12-month low of $13.81 and a 12-month 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 stock has a market cap of $1.43 billion, a P/E ratio of 34.42 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The business had revenue of $80.36 million during the quarter, compared to analyst estimates of $78.09 million. During the same quarter in the previous year, the business posted $0.24 EPS. A10 Networks’s quarterly 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. Sell-side analysts anticipate that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Insider Activity at A10 Networks

In related news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. This trade represents 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 this link. Insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Large investors have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC increased its position in A10 Networks by 4.0% during the 3rd 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 during the period. New York State Teachers Retirement System boosted its stake in shares of A10 Networks by 1.8% during 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 purchasing an additional 577 shares in the last quarter. Amalgamated Bank boosted its stake in shares of A10 Networks by 3.5% during the 3rd quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock valued at $384,000 after purchasing an additional 710 shares in the last quarter. Franklin Resources Inc. increased its position in shares of A10 Networks by 0.7% during 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 second quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock worth $705,000 after buying an additional 737 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other 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.