A10 Networks, Inc. (NYSE:ATEN – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $29.12 and traded as low as $24.21. A10 Networks shares last traded at $24.53, with a volume of 624,617 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research report on Friday, August 14th. BTIG Research restated a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a report on Thursday, August 6th. Mizuho cut their target price on A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a report on Monday, August 31st. They issued a “hold” rating and a $28.00 price target for the company. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, A10 Networks currently has an average rating of “Hold” and a consensus price target of $30.38.
View Our Latest Research Report on ATEN
A10 Networks Stock Performance
The stock’s 50-day moving average price is $26.13 and its 200-day moving average price is $29.10. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 42.44 and a beta of 1.13.
A10 Networks (NYSE:ATEN – Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $77.28 million. During the same quarter last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter 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 anticipate that A10 Networks, Inc. will post 0.81 earnings per share for the current year.
A10 Networks Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid 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 payout ratio is 40.00%.
Insider Activity at A10 Networks
In other A10 Networks news, Director Dana Wolf sold 2,652 shares of the 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 sale, the director directly owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the sale, the general counsel directly owned 50,586 shares in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.
Hedge Funds Weigh In On A10 Networks
Several hedge funds have recently made changes to their positions in ATEN. Signaturefd LLC increased its position in shares of A10 Networks by 24.2% in the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after buying an additional 421 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of A10 Networks by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 29,959 shares of the communications equipment provider’s stock worth $1,119,000 after purchasing an additional 458 shares during the period. PNC Financial Services Group Inc. raised its position in shares of A10 Networks by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after purchasing an additional 488 shares during the period. SBI Securities Co. Ltd. raised its position in shares of A10 Networks by 83.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 531 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of A10 Networks by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider’s stock valued at $269,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.
A10 Networks Company Profile
A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.
The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.
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