A10 Networks (NYSE:ATEN – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.
A number of other research firms have also recently weighed in on ATEN. Mizuho boosted their price objective on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Sidoti restated a “neutral” rating and issued a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. DNB Markets set a $9.00 price target on shares of A10 Networks in a report on Monday, March 9th. Finally, Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.71.
Check Out Our Latest Analysis on A10 Networks
A10 Networks Price Performance
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, beating the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The firm had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.61 million. During the same quarter in the previous year, the company posted $0.20 EPS. The company’s revenue for the quarter 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 analysts forecast that A10 Networks will post 0.83 EPS for the current year.
Insiders Place Their Bets
In other A10 Networks news, Director Eric Singer sold 24,698 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director owned 68,806 shares in the company, valued at $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.21% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of 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 period. Aptus Capital Advisors LLC increased its holdings in 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 purchasing an additional 124,731 shares during the period. First Trust Advisors LP increased its holdings in 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 purchasing an additional 84,848 shares during the period. Hsbc Holdings PLC increased its holdings in A10 Networks by 84.3% during the 4th quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock worth $2,724,000 after purchasing an additional 70,357 shares during the period. Finally, AlphaQuest LLC raised its position in A10 Networks by 967.4% during the 4th quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock valued at $2,878,000 after purchasing an additional 147,444 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.
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.
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