A10 Networks, Inc. (NYSE:ATEN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of A10 Networks, Inc. (NYSE:ATEN) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given 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 $22.00.

Several equities analysts recently commented on the company. BTIG Research upgraded A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, August 6th. Raymond James Financial initiated coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They set a “market perform” rating for the company. BWS Financial reissued a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Mizuho began coverage on shares of A10 Networks in a report on Monday, July 14th. They issued a “neutral” rating for the company. Finally, Craig Hallum raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, May 2nd.

A10 Networks Stock Performance

Shares of ATEN opened at $16.9950 on Friday. A10 Networks has a 1 year low of $12.72 and a 1 year high of $21.90. The company’s 50 day simple moving average is $18.40 and its 200 day simple moving average is $18.07. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.99 and a beta of 1.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. During the same period in the previous year, the firm posted $0.18 EPS. A10 Networks’s revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts predict that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.06 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the sale, the chief financial officer directly owned 77,599 shares in the company, valued at $1,399,109.97. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Robert Scott Weber sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total value of $43,150.00. Following the completion of the transaction, the general counsel owned 61,007 shares in the company, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On A10 Networks

Several large investors have recently made changes to their positions in ATEN. Vestcor Inc acquired a new stake in A10 Networks in the 1st quarter valued at $44,000. Sunbelt Securities Inc. purchased a new stake in shares of A10 Networks in the fourth quarter worth about $50,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of A10 Networks in the first quarter worth about $55,000. CWM LLC grew its stake in shares of A10 Networks by 45.6% in the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock valued at $76,000 after buying an additional 1,454 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of A10 Networks by 120.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 3,225 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.