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

A10 Networks, Inc. (NYSE:ATEN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $38.40 and last traded at $38.4510, with a volume of 470978 shares changing hands. The stock had previously closed at $37.09.

Analysts Set New Price Targets

A number of research analysts have issued reports on ATEN shares. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research report on Tuesday, June 16th. Sidoti reissued a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. Finally, BTIG Research raised their target price on shares of A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.71.

A10 Networks Stock Down 2.3%

The firm has a fifty day simple moving average of $31.74 and a 200 day simple moving average of $24.63. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The company has a market cap of $2.68 billion, a PE ratio of 60.06 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data 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. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.61 million. During the same period in the prior year, the firm posted $0.20 EPS. The company’s revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 0.6%. The ex-dividend date was Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is 38.71%.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC grew its holdings in shares of A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,083 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of A10 Networks by 4,621.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 2,357 shares during the period. Clearstead Advisors LLC increased its position in A10 Networks by 2,829.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,405 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in A10 Networks in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.