Weiss Ratings Reiterates Hold (C) Rating for A10 Networks (NYSE:ATEN)

A10 Networks (NYSE:ATEN - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

ATEN has been the topic of several other reports. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research report on Friday, May 2nd. 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 target on the stock. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Finally, Raymond James Financial started coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

A10 Networks Stock Up 1.9%

NYSE ATEN traded up $0.38 during trading on Tuesday, hitting $20.14. 526,402 shares of the company traded hands, compared to its average volume of 816,456. A10 Networks has a 12 month low of $12.27 and a 12 month high of $21.90. The business has a fifty day simple moving average of $17.79 and a 200 day simple moving average of $18.18. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.45 billion, a P/E ratio of 30.05, a PEG ratio of 4.77 and a beta of 1.39.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating 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 company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same period last year, the company earned $0.17 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that A10 Networks will post 0.69 EPS for the current year.

Insiders Place Their Bets

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 transaction of $43,150.00. Following the sale, the general counsel directly owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On A10 Networks

Institutional investors have recently added to or reduced their stakes in the stock. Vestcor Inc acquired a new stake in A10 Networks during the first quarter valued at approximately $44,000. Sunbelt Securities Inc. bought a new position in shares of A10 Networks in the fourth quarter valued at approximately $50,000. Caitong International Asset Management Co. Ltd bought a new position in shares of A10 Networks in the first quarter valued at approximately $55,000. CWM LLC raised its stake 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 valued at $76,000 after acquiring an additional 1,454 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of A10 Networks in the fourth quarter valued at approximately $161,000. 98.61% of the stock is owned by institutional investors and hedge funds.

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.