A10 Networks (NYSE:ATEN) Hits New 12-Month High – Here’s What Happened

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $22.79 and last traded at $22.4470, with a volume of 1115001 shares traded. The stock had previously closed at $22.42.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. DNB Markets set a $9.00 target price on A10 Networks in a report on Monday, March 9th. BTIG Research restated a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a research report on Friday, February 20th. Finally, BWS Financial increased their price target on A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.29.

A10 Networks Price Performance

The stock has a market cap of $1.61 billion, a PE ratio of 38.70 and a beta of 1.22. The stock’s fifty day moving average is $19.54 and its 200-day moving average is $18.36. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43.

A10 Networks (NYSE:ATEN) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s payout ratio is presently 41.38%.

Insider Buying and Selling

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. Royal Bank of Canada lifted its stake in shares of A10 Networks by 131.3% in the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after purchasing an additional 120,966 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of A10 Networks by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after purchasing an additional 51,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 buying an additional 11,268 shares during the period. Jane Street Group LLC raised its holdings in 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 buying an additional 94,641 shares during the period. Finally, Intech Investment Management LLC lifted its position in A10 Networks by 81.7% in the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after buying an additional 33,262 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.