A10 Networks (NYSE:ATEN) Rating Lowered to Hold at Wall Street Zen

A10 Networks (NYSE:ATEN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other research analysts have also issued reports on the stock. Mizuho increased their target price on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. BWS Financial increased their price target on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $22.00 price objective on shares of A10 Networks in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

A10 Networks Stock Performance

NYSE:ATEN opened at $19.25 on Friday. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $1.38 billion, a P/E ratio of 33.18 and a beta of 1.23. The firm has a 50 day moving average of $18.40 and a 200-day moving average of $17.92. A10 Networks has a 1 year low of $13.81 and a 1 year high of $21.31.

A10 Networks (NYSE:ATEN) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (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%. During the same period in the previous year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, sell-side analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the sale, the chief executive officer owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by insiders.

Institutional Trading of A10 Networks

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in A10 Networks by 131.3% in the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after buying an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of A10 Networks by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after acquiring an additional 51,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of A10 Networks by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock valued at $3,311,000 after purchasing an additional 11,268 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of A10 Networks by 120.0% in the 1st quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after purchasing an additional 94,641 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of A10 Networks by 81.7% during the 1st quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after purchasing an additional 33,262 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Company Profile

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.