A10 Networks (NYSE:ATEN) Lowered to Neutral Rating by Sidoti

A10 Networks (NYSE:ATEN) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a report released on Monday. They presently have a $24.00 price target on the communications equipment provider’s stock. Sidoti’s price objective suggests a potential downside of 12.88% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on ATEN. BTIG Research restated a “buy” rating and issued a $22.00 price objective on shares of A10 Networks in a report on Friday, February 20th. Mizuho increased their price objective on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. DNB Markets set a $9.00 price target on shares of A10 Networks in a research note on Monday, March 9th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Loop Capital set a $25.00 price target on shares of A10 Networks in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

A10 Networks Stock Down 0.0%

Shares of NYSE:ATEN opened at $27.55 on Monday. The company has a market cap of $1.98 billion, a PE ratio of 47.50 and a beta of 1.09. A10 Networks has a 1 year low of $15.12 and a 1 year high of $28.59. The stock’s 50-day moving average is $21.92 and its 200 day moving average is $19.17. 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 quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, hitting 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 period last year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter 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. Sell-side analysts anticipate that A10 Networks will post 0.69 EPS for the current year.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction on Friday, February 13th. The shares were 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 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 filing with the SEC, which is available at this link. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of A10 Networks by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after buying an additional 35,381 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of A10 Networks by 22.1% in the 3rd quarter. Boston Trust Walden Corp now owns 2,639,992 shares of the communications equipment provider’s stock valued at $47,916,000 after acquiring an additional 477,196 shares during the period. First Trust Advisors LP grew its stake in A10 Networks by 21.1% in the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after purchasing an additional 429,066 shares during the last quarter. Wellington Management Group LLP grew its position in shares of A10 Networks by 40.2% in 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 buying an additional 588,922 shares during the last quarter. Finally, Barclays PLC grew its holdings in A10 Networks by 34.9% in the fourth quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock worth $32,583,000 after purchasing an additional 476,647 shares during the last quarter. 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.