A10 Networks (NYSE:ATEN) Reaches New 1-Year High – Should You Buy?

Shares of A10 Networks, Inc. (NYSE:ATEN) hit a new 52-week high on Friday . The stock traded as high as $21.39 and last traded at $21.0840, with a volume of 38317 shares changing hands. The stock had previously closed at $21.06.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BTIG Research restated a “buy” rating and set a $22.00 price objective on shares of A10 Networks in a research report on Friday, February 20th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. 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 price target on shares of A10 Networks in a report on Monday, March 9th. Finally, BWS Financial lifted their price target on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.29.

A10 Networks Stock Down 0.5%

The business has a 50-day moving average of $18.94 and a 200-day moving average of $18.15. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 36.11 and a beta of 1.22.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data 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 net margin of 14.50% and a return on equity of 24.10%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

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

Insider Buying and Selling at A10 Networks

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Boston Partners purchased a new position in shares of A10 Networks during the fourth quarter worth $14,795,000. Legal & General Group Plc raised its holdings in shares of A10 Networks by 348.6% in the 2nd quarter. Legal & General Group Plc now owns 992,678 shares of the communications equipment provider’s stock valued at $19,208,000 after buying an additional 771,405 shares during the period. Barclays PLC lifted its stake in A10 Networks by 103.7% during the 3rd quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after acquiring an additional 695,150 shares in the last quarter. Wellington Management Group LLP lifted its stake in A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after acquiring an additional 588,922 shares in the last quarter. Finally, Defiance ETFs LLC purchased a new position in A10 Networks during the 4th quarter valued at about $10,047,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.