A10 Networks (NYSE:ATEN – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at BWS Financial in a research note issued to investors on Friday,Benzinga reports. They presently have a $45.00 price objective on the communications equipment provider’s stock. BWS Financial’s price objective would indicate a potential upside of 68.10% from the company’s previous close.
ATEN has been the subject of a number of other research reports. Piper Sandler set a $45.00 target price on shares of A10 Networks in a report on Tuesday, June 16th. Sidoti reaffirmed a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. Mizuho increased their target price on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Finally, Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.29.
Check Out Our Latest Research Report on ATEN
A10 Networks Stock Down 0.9%
A10 Networks (NYSE:ATEN – Get Free Report) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $77.28 million. During the same period in the prior year, the company posted $0.21 EPS. The company’s 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. As a group, equities research analysts anticipate that A10 Networks will post 0.83 earnings per share for the current fiscal year.
Insider Activity at A10 Networks
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 stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On A10 Networks
Several large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of A10 Networks during the second quarter worth about $506,919,000. Walleye Capital LLC acquired a new position in shares of A10 Networks in the 1st quarter valued at approximately $115,600,000. Boston Partners acquired a new position in shares of A10 Networks in the 4th quarter valued at approximately $14,795,000. Wellington Management Group LLP increased its stake in A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after purchasing an additional 588,922 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in A10 Networks during the 1st quarter worth approximately $13,058,000. 98.61% of the stock is currently owned by institutional investors.
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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