A10 Networks, Inc. (NYSE:ATEN) Given Consensus Recommendation of “Hold” by Analysts

A10 Networks, Inc. (NYSE:ATEN) has earned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $31.2857.

Several equities research analysts have recently weighed in on the stock. BTIG Research reissued a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. BWS Financial reiterated a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a research note on Friday, August 14th. Mizuho boosted their price objective on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th.

A10 Networks Trading Down 0.3%

Shares of NYSE:ATEN opened at $25.17 on Wednesday. The company has a fifty day simple moving average of $32.39 and a 200 day simple moving average of $27.60. The firm has a market cap of $1.83 billion, a PE ratio of 41.94 and a beta of 1.16. A10 Networks has a 12-month low of $16.52 and a 12-month high of $38.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The firm had revenue of $80.14 million for the quarter, compared to analysts’ expectations of $77.28 million. During the same period in the prior year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities research analysts forecast that A10 Networks will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, Director Dana Elizabeth Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the transaction, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATEN. Transamerica Financial Advisors LLC bought a new stake in shares of A10 Networks during the 2nd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in A10 Networks in the second quarter worth about $27,000. SBI Securities Co. Ltd. lifted its holdings in A10 Networks by 83.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 531 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in A10 Networks in the fourth quarter valued at approximately $26,000. Finally, State of Wyoming acquired a new position in A10 Networks in the second quarter valued at approximately $57,000. 98.61% of the stock is currently owned by institutional investors.

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.