A10 Networks, Inc. (NYSE:ATEN – Get Free Report) shares hit a new 52-week high on Thursday . The company 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.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Mizuho increased their price objective on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. BWS Financial increased their price objective on A10 Networks from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Zacks Research lowered shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.71.
Read Our Latest Stock Analysis on ATEN
A10 Networks Stock Up 3.5%
A10 Networks (NYSE:ATEN – Get Free Report) last released its quarterly earnings data 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 net margin of 14.90% and a return on equity of 25.00%. The company had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. During the same quarter in the previous year, the business posted $0.20 EPS. A10 Networks’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. As a group, analysts forecast that A10 Networks, Inc. will post 0.83 EPS for the current year.
A10 Networks Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.06 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.6%. A10 Networks’s dividend payout ratio is presently 38.71%.
Insider Buying and Selling
In other news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.21% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC raised its position in A10 Networks by 92.4% in 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 lifted its position 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 worth $43,000 after purchasing an additional 2,357 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of A10 Networks during the fourth quarter valued at $77,000. Institutional investors 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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