A10 Networks, Inc. (NYSE:ATEN) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on A10 Networks, with five hold ratings and two buys. The average 12-month price target is $30.88, compared with the reported share price of $26.08.
• A10 Networks exceeded quarterly expectations, reporting $0.25 EPS versus a $0.24 consensus and revenue of $80.14 million versus $77.28 million expected. Revenue increased 15.5% year over year.
• Institutional investors own 98.61% of the company, with major firms including BlackRock and Walleye Capital establishing new positions, while two insiders sold shares under pre-arranged trading plans.

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.8750.

A number of research firms have weighed in on ATEN. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research note on Tuesday, June 16th. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a research report on Monday, August 31st. They issued a "hold" rating and a $28.00 price target on the stock. Mizuho lifted their price target on A10 Networks from $30.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Finally, BWS Financial reissued a "buy" rating and set a $45.00 price objective on shares of A10 Networks in a report on Friday, August 14th.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the transaction, the general counsel directly owned 50,586 shares in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director directly owned 57,409 shares in the company, valued at $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company's stock.

Institutional Trading of A10 Networks

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of A10 Networks during the second quarter valued at about $506,919,000. Walleye Capital LLC bought a new stake in A10 Networks in the 1st quarter worth about $115,600,000. Boston Trust Walden Corp increased its stake in A10 Networks by 11.2% in the 2nd quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider's stock valued at $90,292,000 after buying an additional 243,547 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in A10 Networks by 36.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider's stock valued at $34,614,000 after buying an additional 401,857 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of A10 Networks by 1.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,459,910 shares of the communications equipment provider's stock worth $33,753,000 after buying an additional 24,284 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Stock Down 3.2%

NYSE ATEN opened at $26.08 on Friday. A10 Networks has a 52 week low of $16.52 and a 52 week high of $38.49. The business has a 50 day moving average price of $28.72 and a 200-day moving average price of $28.24. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 43.47 and a beta of 1.13.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $80.14 million for the quarter, compared to analysts' expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.A10 Networks's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts anticipate that A10 Networks will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks's payout ratio is presently 40.00%.

About A10 Networks

A10 Networks, Inc is a cybersecurity and application networking company that provides solutions designed to improve the performance, availability and security of enterprise and service-provider networks. Its offerings help organizations manage application traffic, protect online services from cyber threats and support the delivery of digital services across data centers, private clouds and public cloud environments.

The company's portfolio has included the Thunder family of products, such as application delivery controllers, carrier-grade networking solutions, cloud firewalls and SSL inspection platforms.

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