A10 Networks (NYSE:ATEN) Earns "Buy (B-)" Rating from Weiss Ratings

A10 Networks (NYSE:ATEN - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

A number of other research firms also recently issued reports on ATEN. Craig Hallum raised their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, February 5th. Raymond James assumed coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating for the company. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, BWS Financial restated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.16 during trading hours on Friday, reaching $16.64. The company's stock had a trading volume of 241,192 shares, compared to its average volume of 1,066,401. A10 Networks has a one year low of $12.27 and a one year high of $21.90. The company has a market capitalization of $1.23 billion, a P/E ratio of 24.83 and a beta of 1.31. The stock's fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $17.67.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, research analysts forecast that A10 Networks will post 0.69 earnings per share for the current year.

Institutional Trading of A10 Networks

Several institutional investors and hedge funds have recently bought and sold shares of ATEN. Boston Trust Walden Corp purchased a new stake in shares of A10 Networks in the first quarter worth $26,894,000. Penserra Capital Management LLC raised its stake in shares of A10 Networks by 29.9% in the first quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider's stock worth $41,490,000 after buying an additional 584,116 shares during the period. Marshall Wace LLP raised its stake in shares of A10 Networks by 364.8% in the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock worth $12,580,000 after buying an additional 536,600 shares during the period. Barclays PLC grew its position in shares of A10 Networks by 350.4% during the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock worth $12,618,000 after purchasing an additional 533,482 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of A10 Networks during the fourth quarter worth about $7,202,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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.