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

Key Points

• A10 Networks, Inc. has received an average rating of "Moderate Buy" from analysts, with two hold ratings and four buy ratings, and an average price target of $22.00.
• The company's quarterly earnings beat estimates, reporting $0.21 earnings per share with revenue of $69.38 million, a 15.5% increase year-over-year.
• A10 Networks recently announced a quarterly dividend of $0.06 per share, indicating a 1.4% yield, with a dividend payout ratio of 35.29%.

Shares of A10 Networks, Inc. (NYSE:ATEN - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.00.

ATEN has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of A10 Networks in a research report on Saturday. Wall Street Zen raised A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. BWS Financial restated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price objective on the stock in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price target for the company.

A10 Networks Stock Down 0.8%

Shares of NYSE:ATEN traded down $0.13 during mid-day trading on Friday, reaching $17.07. 282,150 shares of the stock were exchanged, compared to its average volume of 964,797. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.23 billion, a P/E ratio of 25.10 and a beta of 1.35. A10 Networks has a one year low of $12.72 and a one year high of $21.90. The stock's 50 day simple moving average is $18.44 and its 200-day simple moving average is $18.09.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The business had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. During the same period last year, the company earned $0.18 earnings per share. A10 Networks's quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks's payout ratio is currently 35.29%.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total value of $115,392.00. Following the sale, the chief financial officer owned 77,599 shares in the company, valued at approximately $1,399,109.97. The trade was a 7.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the completion of the transaction, the general counsel directly owned 61,007 shares in the company, valued at $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider's stock worth $120,823,000 after buying an additional 34,634 shares during the period. Penserra Capital Management LLC raised its stake in shares of A10 Networks by 56.2% in the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider's stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of A10 Networks by 8.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,682,442 shares of the communications equipment provider's stock worth $43,840,000 after purchasing an additional 202,453 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of A10 Networks by 31.4% in the second quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider's stock worth $41,850,000 after purchasing an additional 516,872 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of A10 Networks by 12.4% in the second quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider's stock worth $37,721,000 after purchasing an additional 214,778 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.