A10 Networks (NYSE:ATEN) Given Neutral Rating at Sidoti

Sidoti reiterated their neutral rating on shares of A10 Networks (NYSE:ATEN) in a research report report published on Monday morning, MarketBeat Ratings reports. They currently have a $24.00 target price on the communications equipment provider’s stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a research note on Friday, February 20th. Mizuho upped their price target on A10 Networks from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Finally, Loop Capital set a $25.00 price target on A10 Networks in a research note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

A10 Networks Price Performance

ATEN opened at $27.17 on Monday. 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 52-week low of $15.12 and a 52-week high of $28.59. The stock has a market capitalization of $1.95 billion, a PE ratio of 46.84 and a beta of 1.09. The stock’s 50 day moving average price is $22.04 and its 200-day moving average price is $19.23.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) 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 firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities research analysts predict that A10 Networks will post 0.8 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s dividend payout ratio is presently 41.38%.

Insider Activity

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the company’s 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 transaction, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at $14,664,418.35. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.21% of the stock is currently owned by insiders.

Institutional Trading of A10 Networks

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in A10 Networks by 6.0% during the first quarter. SG Americas Securities LLC now owns 54,521 shares of the communications equipment provider’s stock valued at $1,261,000 after acquiring an additional 3,073 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in A10 Networks in the first quarter worth about $2,283,000. Hsbc Holdings PLC increased its position in A10 Networks by 84.3% in the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock worth $2,724,000 after buying an additional 70,357 shares in the last quarter. Pacer Advisors Inc. increased its position in A10 Networks by 46.4% in the fourth quarter. Pacer Advisors Inc. now owns 13,592 shares of the communications equipment provider’s stock worth $240,000 after buying an additional 4,305 shares in the last quarter. Finally, Invesco Ltd. increased its position in A10 Networks by 12.8% in the fourth quarter. Invesco Ltd. now owns 836,178 shares of the communications equipment provider’s stock worth $14,792,000 after buying an additional 95,148 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.