A10 Networks, Inc. (NYSE:ATEN) Receives $24.29 Consensus Price Target from Analysts

A10 Networks, Inc. (NYSE:ATEN) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.75.

A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $25.00 price objective on shares of A10 Networks in a report on Monday, March 9th. Wall Street Zen upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Sidoti restated a “neutral” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Monday, April 20th. DNB Markets set a $9.00 price objective on shares of A10 Networks in a report on Monday, March 9th. Finally, Weiss Ratings lowered shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 9th.

A10 Networks Price Performance

A10 Networks stock opened at $32.43 on Friday. The firm has a market cap of $2.34 billion, a PE ratio of 52.31 and a beta of 1.20. A10 Networks has a 52-week low of $16.52 and a 52-week high of $33.63. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $28.34 and its two-hundred day moving average is $22.42.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.62 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, research analysts expect that A10 Networks will post 0.83 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

Insider Buying and Selling at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Walleye Capital LLC purchased a new position in shares of A10 Networks in the 1st quarter valued at $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of A10 Networks by 1.3% in the 3rd 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. First Trust Advisors LP grew its position in shares of A10 Networks by 21.1% in the 4th quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after buying 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 valued at $37,284,000 after buying an additional 588,922 shares during the last quarter. Finally, Barclays PLC grew its position in shares of A10 Networks by 34.9% in the 4th quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock valued at $32,583,000 after buying an additional 476,647 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.