A10 Networks, Inc. (NYSE:ATEN) Receives $22.00 Consensus Price Target from Analysts

A10 Networks, Inc. (NYSE:ATEN) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $22.00.

ATEN has been the topic of several research analyst reports. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Finally, BTIG Research raised shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, August 6th.

A10 Networks Trading Down 0.3%

Shares of NYSE:ATEN opened at $17.02 on Monday. The business’s 50-day moving average is $17.72 and its 200 day moving average is $17.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. A10 Networks has a 1 year low of $13.81 and a 1 year high of $21.90. The firm has a market capitalization of $1.22 billion, a P/E ratio of 25.03 and a beta of 1.30.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $74.68 million for the quarter, compared to the consensus estimate of $70.70 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, research analysts predict that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 17th. A10 Networks’s payout ratio is currently 35.29%.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors have recently modified their holdings of the business. CWM LLC lifted its position in shares of A10 Networks by 45.6% in the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock valued at $76,000 after acquiring an additional 1,454 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in A10 Networks by 98.7% in the 1st quarter. Allianz Asset Management GmbH now owns 197,881 shares of the communications equipment provider’s stock valued at $3,233,000 after purchasing an additional 98,293 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in A10 Networks during the 1st quarter worth $719,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of A10 Networks in the first quarter valued at about $2,281,000. Finally, Pacer Advisors Inc. lifted its stake in shares of A10 Networks by 215.2% in the first quarter. Pacer Advisors Inc. now owns 28,725 shares of the communications equipment provider’s stock worth $469,000 after buying an additional 19,611 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.