A10 Networks, Inc. (NYSE:ATEN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of A10 Networks, Inc. (NYSE:ATEN) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.2857.

A number of research analysts have weighed in on ATEN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Mizuho raised their target price on A10 Networks from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Loop Capital set a $25.00 price target on A10 Networks in a research note on Monday, March 9th. Finally, BWS Financial increased their price objective on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th.

Insider Activity

In related news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction dated 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 directly owned 713,597 shares of the company’s stock, valued at $14,664,418.35. This trade represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On A10 Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of ATEN. Linden Thomas Advisory Services LLC lifted its holdings in shares of A10 Networks by 4.0% during the third quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock valued at $262,000 after purchasing an additional 554 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of A10 Networks by 1.8% in the 3rd quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock worth $584,000 after buying an additional 577 shares during the last quarter. Amalgamated Bank grew its stake in shares of A10 Networks by 3.5% in the 3rd quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock worth $384,000 after buying an additional 710 shares during the last quarter. Franklin Resources Inc. increased its position in A10 Networks by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock valued at $2,122,000 after buying an additional 731 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in A10 Networks by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after buying an additional 737 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Down 3.5%

NYSE:ATEN opened at $22.37 on Friday. The company has a 50-day moving average price of $19.87 and a 200-day moving average price of $18.47. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 38.56 and a beta of 1.22. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. A10 Networks has a 12 month low of $13.81 and a 12 month high of $23.71.

A10 Networks (NYSE:ATEN) last announced its quarterly 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 net margin of 14.50% and a return on equity of 24.10%. During the same quarter in the previous year, the company earned $0.24 EPS. A10 Networks’s quarterly revenue was up 8.3% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities analysts predict that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were paid 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 (DPR) is presently 41.38%.

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.