A10 Networks, Inc. (NYSE:ATEN – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $23.8571.
A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. BTIG Research boosted their target price on A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, BWS Financial boosted their target price on A10 Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th.
View Our Latest Report on ATEN
A10 Networks Trading Up 3.0%
A10 Networks (NYSE:ATEN – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The firm had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’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. Analysts predict that A10 Networks will post 0.83 EPS for the current fiscal year.
A10 Networks Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.8%. A10 Networks’s payout ratio is presently 38.71%.
Insider Buying and Selling at A10 Networks
In other news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction on 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 $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.21% of the stock is currently owned by insiders.
Institutional Investors Weigh In On A10 Networks
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Aptus Capital Advisors LLC increased its holdings in A10 Networks by 38.5% in the third quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock valued at $8,139,000 after purchasing an additional 124,731 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in A10 Networks by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock valued at $6,900,000 after purchasing an additional 60,372 shares during the last quarter. First Trust Advisors LP increased its holdings in A10 Networks by 4.4% in the third quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock valued at $36,922,000 after purchasing an additional 84,848 shares during the last quarter. Summit Global Investments bought a new stake in A10 Networks in the third quarter valued at about $1,247,000. Finally, SG Americas Securities LLC bought a new stake in A10 Networks in the third quarter valued at about $1,112,000. 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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