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

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

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

A10 Networks Stock Down 1.0 %

NYSE ATEN traded down $0.16 during trading hours on Friday, hitting $16.51. The company had a trading volume of 989,676 shares, compared to its average volume of 863,464. The firm has a market cap of $1.22 billion, a P/E ratio of 24.64 and a beta of 1.31. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The business has a fifty day simple moving average of $17.38 and a 200-day simple moving average of $17.67.

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

Hedge Funds Weigh In On A10 Networks

Institutional investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC grew its position in A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after purchasing an additional 744 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in A10 Networks during the 4th quarter valued at $50,000. KBC Group NV lifted its holdings in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of A10 Networks in the fourth quarter worth $161,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

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.