Brokerages Set A10 Networks, Inc. (NYSE:ATEN) PT at $23.00

A10 Networks, Inc. (NYSE:ATEN) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.00.

ATEN has been the subject of several recent analyst reports. Mizuho boosted their target price on A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. BWS Financial upped their target price on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 20th. BTIG Research reaffirmed a “buy” rating and issued a $22.00 target price on shares of A10 Networks in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st.

Insider Buying and Selling

In other A10 Networks 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 value of $685,013.70. Following the transaction, the chief executive officer directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On A10 Networks

Several institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks during the 4th quarter worth about $26,000. Jones Financial Companies Lllp grew its holdings in shares of A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 1,140 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 2,405 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 1.9%

A10 Networks stock opened at $20.46 on Wednesday. The company has a market capitalization of $1.47 billion, a PE ratio of 35.28 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56. A10 Networks has a fifty-two week low of $13.81 and a fifty-two week high of $21.31. The firm has a 50 day moving average price of $18.64 and a 200 day moving average price of $18.02.

A10 Networks (NYSE:ATEN) last released 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%.During the same period in the prior year, the company posted $0.24 earnings per share. The business’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. Research analysts expect that A10 Networks will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were paid a $0.06 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. A10 Networks’s payout ratio is currently 41.38%.

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.