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

A10 Networks, Inc. (NYSE:ATEN) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price 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. BTIG Research upgraded A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, August 6th. Mizuho started coverage on A10 Networks in a research note on Monday, July 14th. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a report on Friday, June 27th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Sunday, August 10th.

Insider Buying and Selling

In related news, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the transaction, the chief financial officer directly owned 77,599 shares in the company, valued at approximately $1,399,109.97. The trade was a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On A10 Networks

A number of large investors have recently made changes to their positions in ATEN. Principal Financial Group Inc. grew its position in shares of A10 Networks by 3.0% in the first quarter. Principal Financial Group Inc. now owns 416,548 shares of the communications equipment provider’s stock valued at $6,806,000 after purchasing an additional 12,282 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in A10 Networks in the 1st quarter worth about $295,000. Squarepoint Ops LLC boosted its stake in A10 Networks by 363.8% in the 4th quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider’s stock worth $2,206,000 after purchasing an additional 94,032 shares during the period. GAMMA Investing LLC grew its holdings in A10 Networks by 1,938.5% during the 1st quarter. GAMMA Investing LLC now owns 50,066 shares of the communications equipment provider’s stock valued at $818,000 after buying an additional 47,610 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of A10 Networks by 50.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 20,592 shares of the communications equipment provider’s stock valued at $336,000 after buying an additional 6,893 shares during the period. 98.61% of the stock is owned by institutional investors.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $17.49 on Wednesday. The business’s fifty day simple moving average is $18.13 and its 200 day simple moving average is $17.72. The company has a current ratio of 4.23, a quick ratio of 4.04 and a debt-to-equity ratio of 1.07. A10 Networks has a 12 month low of $12.72 and a 12 month high of $21.90. The firm has a market capitalization of $1.26 billion, a P/E ratio of 25.72 and a beta of 1.37.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The firm had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, analysts anticipate 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 Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, August 15th. A10 Networks’s dividend payout ratio is presently 35.29%.

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.