Shares of A10 Networks, Inc. (NYSE:ATEN – Get Free Report) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.8750.
Several research analysts have issued reports on ATEN shares. Piper Sandler set a $45.00 target price on A10 Networks in a research report on Tuesday, June 16th. BTIG Research reiterated a “buy” rating and issued a $37.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Weiss Ratings lowered A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a report on Monday, August 31st. They set a “hold” rating and a $28.00 price objective for the company. Finally, BWS Financial reaffirmed a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a research report on Friday, August 14th.
Read Our Latest Research Report on A10 Networks
A10 Networks Stock Down 1.0%
A10 Networks (NYSE:ATEN – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities research analysts expect that A10 Networks will post 0.81 EPS for the current year.
A10 Networks Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is 40.00%.
Insiders Place Their Bets
In other news, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the transaction, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.
Hedge Funds Weigh In On A10 Networks
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of A10 Networks during the second quarter valued at approximately $506,919,000. Walleye Capital LLC bought a new position in A10 Networks in the first quarter worth approximately $115,600,000. Boston Trust Walden Corp grew its stake in A10 Networks by 11.2% in the second quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider’s stock worth $90,292,000 after purchasing an additional 243,547 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in A10 Networks by 36.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock worth $34,614,000 after purchasing an additional 401,857 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its holdings in A10 Networks by 1.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,459,910 shares of the communications equipment provider’s stock worth $33,753,000 after purchasing an additional 24,284 shares during the period. 98.61% of the stock is currently owned by institutional investors.
About A10 Networks
A10 Networks, Inc is a cybersecurity and application networking company that provides solutions designed to improve the performance, availability and security of enterprise and service-provider networks. Its offerings help organizations manage application traffic, protect online services from cyber threats and support the delivery of digital services across data centers, private clouds and public cloud environments.
The company’s portfolio has included the Thunder family of products, such as application delivery controllers, carrier-grade networking solutions, cloud firewalls and SSL inspection platforms.
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