A10 Networks (NYSE:ATEN) Earns Hold (C) Rating from Weiss Ratings

A10 Networks (NYSE:ATEN - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

A number of other equities analysts also recently commented on ATEN. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Raymond James started coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Finally, Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Trading Up 1.8%

Shares of NYSE ATEN traded up $0.31 on Friday, reaching $17.57. 642,506 shares of the company traded hands, compared to its average volume of 869,467. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The company has a 50 day moving average of $16.54 and a 200 day moving average of $18.03. The stock has a market capitalization of $1.27 billion, a PE ratio of 26.22 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. A10 Networks's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. As a group, research analysts expect that A10 Networks will post 0.69 earnings per share for the current year.

Insider Activity at A10 Networks

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the transaction, the general counsel now directly owns 61,007 shares in the company, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.15% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its position in shares of A10 Networks by 1.8% during the first quarter. Federated Hermes Inc. now owns 45,488 shares of the communications equipment provider's stock worth $743,000 after purchasing an additional 783 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of A10 Networks by 2.3% during the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock worth $719,000 after purchasing an additional 879 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of A10 Networks by 7.9% during the first quarter. Linden Thomas Advisory Services LLC now owns 13,155 shares of the communications equipment provider's stock worth $215,000 after purchasing an additional 963 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of A10 Networks by 3.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider's stock worth $574,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in A10 Networks by 1.6% during the first quarter. Wedge Capital Management L L P NC now owns 80,299 shares of the communications equipment provider's stock worth $1,312,000 after purchasing an additional 1,295 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.