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

Key Points

• A10 Networks, Inc. has received a consensus rating of "Moderate Buy" from six analysts, with an average price target of $22.00.
• The company reported an earnings per share (EPS) of $0.21 for the last quarter, exceeding analysts' expectations, alongside a 15.5% year-over-year revenue growth.
• A10 Networks recently declared a quarterly dividend of $0.06 per share, which equates to a 1.4% dividend yield and has a payout ratio of 35.29%.

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.00.

Several research firms recently weighed in on ATEN. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a research note on Wednesday, August 6th. Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They issued a "neutral" rating on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of A10 Networks in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a report on Friday, June 27th. They issued a "buy" rating and a $22.00 target price on the stock. Finally, Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th.

Insider Activity

In related news, CFO Brian Becker sold 6,400 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.15% of the company's stock.

Institutional Trading of A10 Networks

A number of hedge funds have recently bought and sold shares of the stock. Cim Investment Management Inc. increased its position in shares of A10 Networks by 100.7% during the second quarter. Cim Investment Management Inc. now owns 22,370 shares of the communications equipment provider's stock worth $422,000 after purchasing an additional 11,226 shares in the last quarter. State of Wyoming increased its position in shares of A10 Networks by 346.7% in the 2nd quarter. State of Wyoming now owns 13,545 shares of the communications equipment provider's stock valued at $262,000 after acquiring an additional 10,513 shares during the period. Public Sector Pension Investment Board boosted its holdings in A10 Networks by 5.2% in the second quarter. Public Sector Pension Investment Board now owns 245,769 shares of the communications equipment provider's stock valued at $4,756,000 after purchasing an additional 12,049 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in A10 Networks by 120.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of A10 Networks by 3.4% during the 2nd quarter. Vident Advisory LLC now owns 130,361 shares of the communications equipment provider's stock worth $2,522,000 after acquiring an additional 4,275 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Trading Up 0.6%

Shares of ATEN stock traded up $0.11 on Wednesday, hitting $17.56. 89,882 shares of the company's stock traded hands, compared to its average volume of 929,266. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.84 and a beta of 1.37. A10 Networks has a one year low of $13.58 and a one year high of $21.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The company's fifty day simple moving average is $17.99 and its 200 day simple moving average is $17.65.

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

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.06 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks's payout ratio is presently 35.29%.

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.