A10 Networks (NYSE:ATEN) Shares Up 5.6% – Here’s What Happened

Shares of A10 Networks, Inc. (NYSE:ATEN – Get Free Report) shot up 5.6% during mid-day trading on Monday. The stock traded as high as $26.51 and last traded at $26.8650. Approximately 86,522 shares traded hands during trading, a decline of 92% from the average session volume of 1,099,312 shares. The stock had previously closed at $25.45.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BWS Financial reiterated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research note on Friday, August 14th. Mizuho reduced their price objective on A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. BTIG Research reiterated a “buy” rating and set a $37.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.38.

Read Our Latest Stock Report on A10 Networks

A10 Networks Price Performance

The firm has a fifty day simple moving average of $26.13 and a 200 day simple moving average of $29.13. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 43.64 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 the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million during 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 firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Research analysts predict that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is 40.00%.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their position. The sale was disclosed in a filing 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, 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 insiders.

Hedge Funds Weigh In On A10 Networks

Several hedge funds and other institutional investors have recently modified their holdings of ATEN. BlackRock Inc. purchased a new position in shares of A10 Networks during the 2nd quarter valued at approximately $506,919,000. Bank of America Corp DE acquired a new position in A10 Networks in the second quarter worth approximately $17,237,000. Hsbc Holdings PLC lifted its stake in A10 Networks by 84.3% during the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock valued at $2,724,000 after buying an additional 70,357 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in shares of A10 Networks in the second quarter worth approximately $44,412,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of A10 Networks during the 2nd quarter worth $9,158,000. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Company Profile

(Get Free Report)

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.

See Also

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.