A10 Networks (NYSE:ATEN) Reaches New 1-Year High – Time to Buy?

A10 Networks, Inc. (NYSE:ATEN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.69 and last traded at $25.1350, with a volume of 45998 shares trading hands. The stock had previously closed at $25.05.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Loop Capital set a $25.00 target price on shares of A10 Networks in a research report on Monday, March 9th. BTIG Research restated a “buy” rating and set a $22.00 target price on shares of A10 Networks in a research report on Friday, February 20th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, DNB Markets set a $9.00 target price on shares of A10 Networks in a research report on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.86.

A10 Networks Stock Up 0.8%

The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 43.62 and a beta of 1.09. The business’s 50-day moving average is $21.46 and its two-hundred day moving average is $19.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, February 13th. A10 Networks’s dividend payout ratio (DPR) is 41.38%.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.21% of the company’s stock.

Institutional Trading of A10 Networks

Several hedge funds have recently bought and sold shares of ATEN. Aptus Capital Advisors LLC grew its stake in shares of A10 Networks by 38.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after acquiring an additional 124,731 shares in the last quarter. First Trust Advisors LP grew its stake in shares of A10 Networks by 4.4% during the 3rd quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock worth $36,922,000 after acquiring an additional 84,848 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of A10 Networks during the 3rd quarter worth approximately $1,112,000. JPMorgan Chase & Co. grew its stake in shares of A10 Networks by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock worth $6,900,000 after acquiring an additional 60,372 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of A10 Networks by 103.7% during the 3rd quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after acquiring an additional 695,150 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.