A10 Networks (NYSE:ATEN) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks (NYSE:ATEN - Free Report) in a research note published on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $22.00 price objective on the communications equipment provider's stock.

A number of other analysts have also recently issued reports on the company. Raymond James Financial assumed coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating for the company. Weiss Ratings reissued a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, June 14th. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research note on Friday, May 2nd. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Finally, Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Trading Up 1.1%

A10 Networks stock traded up $0.21 during midday trading on Friday, hitting $19.33. 1,086,876 shares of the stock were exchanged, compared to its average volume of 990,591. The stock has a market capitalization of $1.39 billion, a PE ratio of 28.85 and a beta of 1.38. The company has a fifty day simple moving average of $17.41 and a two-hundred day simple moving average of $18.14. The company has a quick ratio of 3.87, a current ratio of 4.05 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.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. Equities research analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 15th. A10 Networks's dividend payout ratio is presently 35.82%.

Insider Activity

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the firm'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 sale, the general counsel now directly owns 61,007 shares in the company, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently added to or reduced their stakes in ATEN. 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 buying an additional 15,178 shares during the period. Proficio Capital Partners LLC acquired a new position in A10 Networks during the fourth quarter worth $325,000. Charles Schwab Investment Management Inc. lifted its holdings in A10 Networks by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider's stock valued at $12,299,000 after purchasing an additional 17,510 shares in the last quarter. Seizert Capital Partners LLC grew its position in shares of A10 Networks by 52.2% in the fourth quarter. Seizert Capital Partners LLC now owns 21,288 shares of the communications equipment provider's stock valued at $392,000 after purchasing an additional 7,301 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of A10 Networks during the 4th quarter worth about $426,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.