A10 Networks, Inc. (NYSE:ATEN) Receives Average Rating of "Moderate Buy" from Analysts

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) has been given an average rating of "Moderate Buy" by the four brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.00.

Several research analysts recently weighed in on ATEN shares. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a report on Friday. They issued a "buy" rating and a $22.00 target price on the stock. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Raymond James Financial initiated coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating for the company. Finally, Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a report on Friday, May 2nd.

A10 Networks Trading Up 0.6%

A10 Networks stock traded up $0.11 during mid-day trading on Friday, hitting $19.17. The stock had a trading volume of 149,678 shares, compared to its average volume of 806,184. The stock has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $18.14. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. A10 Networks has a 12 month low of $12.27 and a 12 month high of $21.90. The stock has a market capitalization of $1.38 billion, a PE ratio of 28.60 and a beta of 1.38.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. The business had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.25%. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Insider Transactions at A10 Networks

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the sale, the general counsel now owns 61,007 shares of the company's stock, valued at $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by insiders.

Institutional Investors Weigh In On A10 Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. Assenagon Asset Management S.A. bought a new position in shares of A10 Networks in the 1st quarter valued at about $295,000. Squarepoint Ops LLC boosted its position in A10 Networks by 363.8% during the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider's stock valued at $2,206,000 after purchasing an additional 94,032 shares during the last quarter. GAMMA Investing LLC grew its stake in A10 Networks by 1,938.5% in the first quarter. GAMMA Investing LLC now owns 50,066 shares of the communications equipment provider's stock valued at $818,000 after purchasing an additional 47,610 shares in the last quarter. Bank of America Corp DE increased its position in shares of A10 Networks by 43.5% during the 4th quarter. Bank of America Corp DE now owns 181,956 shares of the communications equipment provider's stock worth $3,348,000 after purchasing an additional 55,134 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of A10 Networks by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 404,266 shares of the communications equipment provider's stock worth $7,438,000 after purchasing an additional 15,178 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

About A10 Networks

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.

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