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

Shares of A10 Networks, Inc. (NYSE:ATEN) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $29.6250.

A number of equities analysts have commented on the stock. Sidoti restated a “neutral” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Monday, April 20th. Mizuho raised their target price on shares of A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Piper Sandler set a $45.00 price target on A10 Networks in a report on Tuesday. BTIG Research set a $37.00 price objective on A10 Networks in a research note on Thursday. Finally, Loop Capital set a $25.00 price objective on A10 Networks in a report on Monday, March 9th.

A10 Networks Stock Up 1.2%

Shares of ATEN opened at $33.30 on Friday. The firm has a market capitalization of $2.40 billion, a P/E ratio of 53.71 and a beta of 1.20. A10 Networks has a 12-month low of $16.52 and a 12-month high of $33.63. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average price of $28.69 and a 200-day moving average price of $22.65.

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

A10 Networks Announces Dividend

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

Insider Activity 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 stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the transaction, the director owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. Aster Capital Management DIFC Ltd purchased a new position in A10 Networks during the 4th quarter valued at about $26,000. Jones Financial Companies Lllp lifted its position in shares of A10 Networks by 271.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 1,140 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of A10 Networks by 92.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 2,405 shares during the period. 98.61% of the stock is currently owned by 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.