A10 Networks, Inc. (NYSE:ATEN) Given Average Recommendation of “Hold” by Analysts

A10 Networks, Inc. (NYSE:ATEN) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.2857.

Several brokerages recently issued reports on ATEN. Mizuho increased their price target on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research note on Friday, August 14th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, BTIG Research reiterated a “buy” rating and set a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th.

Insider Buying and Selling

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the sale, the director directly owned 57,409 shares in the company, valued at $1,472,540.85. This trade represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

Institutional Trading of A10 Networks

Several large investors have recently modified their holdings of ATEN. California State Teachers Retirement System increased its position in shares of A10 Networks by 3,036.2% during the second quarter. California State Teachers Retirement System now owns 2,868,052 shares of the communications equipment provider’s stock worth $107,150,000 after acquiring an additional 2,776,601 shares during the last quarter. Nilsine Partners LLC lifted its stake in shares of A10 Networks by 1.5% in the second quarter. Nilsine Partners LLC now owns 56,679 shares of the communications equipment provider’s stock worth $2,118,000 after acquiring an additional 815 shares in the last quarter. denkapparat Operations GmbH purchased a new position in A10 Networks in the second quarter valued at about $230,000. Concurrent Investment Advisors LLC purchased a new position in A10 Networks in the second quarter valued at about $211,000. Finally, AXQ Capital LP boosted its holdings in A10 Networks by 11.6% in the second quarter. AXQ Capital LP now owns 19,592 shares of the communications equipment provider’s stock valued at $732,000 after purchasing an additional 2,036 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Performance

NYSE ATEN opened at $25.17 on Wednesday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 41.94 and a beta of 1.16. A10 Networks has a one year low of $16.52 and a one year high of $38.49. The company’s 50 day moving average price is $32.39 and its 200 day moving average price is $27.60.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The company had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Sell-side analysts forecast that A10 Networks will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 1.0%. A10 Networks’s dividend payout ratio (DPR) is 40.00%.

A10 Networks Company Profile

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.