A10 Networks, Inc. (NYSE:ATEN) Stock Has Consensus Target Price of $30.88

Shares of A10 Networks, Inc. (NYSE:ATEN – Get Free Report) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.88.

ATEN has been the subject of a number of research reports. Mizuho raised their price objective on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of A10 Networks in a research note on Monday, August 31st. They set a “hold” rating and a $28.00 price target for the company. BWS Financial restated a “buy” rating and set a $45.00 price target on shares of A10 Networks in a research note on Friday, August 14th. Finally, Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th.

Get Our Latest Stock Analysis on ATEN

Insider Activity

In related news, General Counsel Robert Weber sold 14,086 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the transaction, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in A10 Networks during the 2nd quarter worth $506,919,000. Walleye Capital LLC bought a new position in shares of A10 Networks during the first quarter valued at about $115,600,000. Boston Trust Walden Corp boosted its holdings in A10 Networks by 11.2% during 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its position in A10 Networks by 36.7% in the 1st 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. grew its position in A10 Networks by 1.7% in 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 in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Price Performance

Shares of ATEN opened at $26.99 on Thursday. The stock has a 50-day moving average of $26.48 and a 200-day moving average of $29.06. The company has a market cap of $1.96 billion, a PE ratio of 44.98 and a beta of 1.13. A10 Networks has a one year low of $16.52 and a one year high of $38.49.

A10 Networks (NYSE:ATEN – Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The business had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’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. Analysts expect that A10 Networks will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

About A10 Networks

(Get Free Report)

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company’s portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.

Further Reading

Analyst Recommendations for A10 Networks (NYSE:ATEN)

Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.