A10 Networks, Inc. (NYSE:ATEN – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $35.59 and last traded at $35.20, with a volume of 9031 shares. The stock had previously closed at $34.98.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ATEN. DNB Markets set a $9.00 target price on shares of A10 Networks in a research note on Monday, March 9th. Sidoti reiterated a “neutral” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Monday, April 20th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Loop Capital set a $25.00 price target on shares of A10 Networks in a research report on Monday, March 9th. Finally, Piper Sandler set a $45.00 price objective on shares of A10 Networks in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.71.
Check Out Our Latest Research Report on ATEN
A10 Networks Stock Up 2.3%
A10 Networks (NYSE:ATEN – Get Free Report) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.61 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Research analysts forecast that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.
A10 Networks Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a $0.06 dividend. 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 currently 38.71%.
Insider Buying and Selling 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 shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.21% of the company’s stock.
Hedge Funds Weigh In On A10 Networks
A number of institutional investors and hedge funds have recently modified their holdings of ATEN. JPMorgan Chase & Co. increased its stake in A10 Networks by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock valued at $6,900,000 after purchasing an additional 60,372 shares during the last quarter. Aptus Capital Advisors LLC grew its position in shares of A10 Networks by 38.5% in the third quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock valued at $8,139,000 after purchasing an additional 124,731 shares during the last quarter. First Trust Advisors LP lifted its holdings in A10 Networks by 4.4% in the 3rd quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock valued at $36,922,000 after purchasing an additional 84,848 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of A10 Networks by 967.4% during the fourth quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock valued at $2,878,000 after buying an additional 147,444 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in A10 Networks in the 1st quarter valued at $2,283,000. 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.
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