A10 Networks, Inc. (NYSE:ATEN) Receives $22.00 Consensus PT from Analysts

Shares of A10 Networks, Inc. (NYSE:ATEN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.00.

ATEN has been the subject of a number of analyst reports. Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a research report on Friday, June 27th. They issued a "buy" rating and a $22.00 price objective for the company. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a research report on Thursday, July 17th. Finally, Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.

Insider Transactions at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total value of $43,150.00. Following the transaction, the general counsel directly owned 61,007 shares in the company, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is owned by corporate insiders.

Institutional Trading of A10 Networks

Several hedge funds have recently modified their holdings of ATEN. Vestcor Inc acquired a new position in A10 Networks during the first quarter worth $44,000. Sunbelt Securities Inc. acquired a new position in shares of A10 Networks in the fourth quarter worth $50,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of A10 Networks in the first quarter worth $55,000. CWM LLC raised its holdings in shares of A10 Networks by 45.6% in the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock worth $76,000 after acquiring an additional 1,454 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of A10 Networks in the first quarter worth $188,000. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Down 0.9%

Shares of A10 Networks stock traded down $0.16 during trading on Tuesday, hitting $18.57. 420,275 shares of the stock traded hands, compared to its average volume of 897,567. The firm has a market cap of $1.34 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.39. 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 52-week low of $12.27 and a 52-week high of $21.90. The stock's fifty day simple moving average is $18.30 and its 200 day simple moving average is $18.21.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $63.63 million. During the same quarter last year, the company earned $0.17 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts predict that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.29%. A10 Networks's dividend payout ratio is presently 35.82%.

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.