A10 Networks, Inc. (NYSE:ATEN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $26.64 and traded as high as $27.19. A10 Networks shares last traded at $26.9460, with a volume of 1,854,393 shares trading hands.
Analyst Upgrades and Downgrades
ATEN has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a report on Thursday, August 6th. Deutsche Bank started coverage on A10 Networks in a research report on Monday, August 31st. They set a “hold” rating and a $28.00 price target on the stock. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Mizuho lowered their price target on shares of A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Finally, BWS Financial restated a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a research report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, A10 Networks has a consensus rating of “Hold” and an average target price of $30.38.
Read Our Latest Report on ATEN
A10 Networks Trading Up 3.5%
The firm has a fifty day simple moving average of $26.06 and a two-hundred day simple moving average of $26.75. The stock has a market cap of $2.07 billion, a PE ratio of 35.63, a PEG ratio of 2.05 and a beta of 0.99. The company has a current ratio of 3.46, a quick ratio of 3.19 and a debt-to-equity ratio of 0.94.
A10 Networks (NYSE:ATEN – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The communications equipment provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $91.55 million during the quarter, compared to analyst estimates of $83.88 million. A10 Networks had a return on equity of 25.35% and a net margin of 14.66%. A10 Networks’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, equities analysts expect that A10 Networks, Inc. will post 0.84 earnings per share for the current fiscal year.
A10 Networks Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.8%. A10 Networks’s dividend payout ratio is presently 36.36%.
Insider Buying and Selling at A10 Networks
In other news, Director Dana Wolf sold 2,652 shares of the firm’s 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 owned 57,409 shares in the company, valued at approximately $1,472,540.85. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ATEN. BlackRock Inc. purchased a new stake in A10 Networks during the second quarter valued at about $506,919,000. Walleye Capital LLC bought a new position in shares of A10 Networks during the 1st quarter valued at about $115,600,000. Punch & Associates Investment Management Inc. bought a new position in shares of A10 Networks during the 2nd quarter valued at about $44,412,000. Boston Trust Walden Corp increased its position in shares of A10 Networks by 24.9% during the 3rd quarter. Boston Trust Walden Corp now owns 3,018,750 shares of the communications equipment provider’s stock valued at $81,838,000 after purchasing an additional 601,942 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of A10 Networks by 9,899.3% during the 1st quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider’s stock valued at $12,403,000 after buying an additional 531,096 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.
A10 Networks Company Profile
A10 Networks, Inc. provides application delivery and cybersecurity solutions for enterprises, service providers and cloud providers. Its products are designed to help organizations maintain the availability, performance and security of applications and network services. The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, network firewalls, and tools for encrypted-traffic visibility and management. These solutions are offered as physical appliances, software and cloud-based services.
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