A10 Networks (NYSE:ATEN) Sets New 52-Week High – Still a Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $29.13 and last traded at $28.6620, with a volume of 1010649 shares traded. The stock had previously closed at $28.28.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Loop Capital set a $25.00 target price on A10 Networks in a research report on Monday, March 9th. BTIG Research lifted their target price on A10 Networks from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Sidoti restated a “neutral” rating and set a $24.00 price target on shares of A10 Networks in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.86.

A10 Networks Price Performance

The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 46.23 and a beta of 1.17. The stock has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $20.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56.

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

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. A10 Networks’s dividend payout ratio is presently 38.71%.

Insider Buying and Selling at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the transaction, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. This represents a 26.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.21% of the stock is currently owned by insiders.

Institutional Trading of A10 Networks

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of A10 Networks by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after purchasing an additional 488 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in A10 Networks by 4.0% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock valued at $262,000 after buying an additional 554 shares in the last quarter. New York State Teachers Retirement System grew its holdings in A10 Networks by 1.8% in the 3rd quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock valued at $584,000 after buying an additional 577 shares in the last quarter. Amalgamated Bank grew its holdings in A10 Networks by 3.5% in the 3rd quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock valued at $384,000 after buying an additional 710 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in A10 Networks by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after buying an additional 737 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other 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.