A10 Networks, Inc. (NYSE:ATEN – Get Free Report) shares shot up 4.7% on Tuesday . The stock traded as high as $26.39 and last traded at $26.8010. Approximately 84,222 shares traded hands during trading, a decline of 92% from the average daily volume of 1,092,197 shares. The stock had previously closed at $25.61.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Piper Sandler set a $45.00 price target on shares of A10 Networks in a research report on Tuesday, June 16th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. 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. BTIG Research reaffirmed a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a research note on Thursday, August 6th. Finally, Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, A10 Networks has an average rating of “Hold” and an average price target of $30.88.
Check Out Our Latest Stock Analysis on A10 Networks
A10 Networks Price Performance
A10 Networks (NYSE:ATEN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities research analysts forecast that A10 Networks, Inc. will post 0.81 EPS for the current year.
A10 Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio is 40.00%.
Insider Activity
In other news, General Counsel Robert Weber sold 14,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the transaction, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 the company’s stock in a transaction that occurred 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 transaction, the director directly owned 57,409 shares in the company, valued at $1,472,540.85. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by company insiders.
Institutional Trading of A10 Networks
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC purchased a new position in shares of A10 Networks during the 2nd quarter worth $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of A10 Networks in the second quarter valued at $27,000. Clearstead Advisors LLC increased its stake in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in A10 Networks by 83.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 531 shares during the last quarter. Finally, State of Wyoming purchased a new position in A10 Networks during the second quarter worth about $57,000. 98.61% of the stock is owned by hedge funds and other institutional investors.
A10 Networks Company Profile
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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