A10 Networks (NYSE:ATEN) Shares Pass Above 50 Day Moving Average – Time to Sell?
by Tristan Rich · The Markets DailyA10 Networks, Inc. (NYSE:ATEN – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $27.29 and traded as high as $31.50. A10 Networks shares last traded at $31.0110, with a volume of 1,009,678 shares.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ATEN. Loop Capital set a $25.00 price target on A10 Networks in a report on Monday, March 9th. Mizuho boosted their price target on A10 Networks from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. DNB Markets set a $9.00 price target on A10 Networks in a report on Monday, March 9th. BWS Financial boosted their price target on A10 Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research raised A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.86.
Check Out Our Latest Stock Report on A10 Networks
A10 Networks Price Performance
The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 51.19 and a beta of 1.20. The company has a 50 day moving average of $27.65 and a 200 day moving average of $21.99. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99.
A10 Networks (NYSE:ATEN – Get Free Report) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.62 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts forecast that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.
A10 Networks Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 15th. A10 Networks’s dividend payout ratio is presently 38.71%.
Insider Buying and Selling
In related news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the transaction, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.
Institutional Investors Weigh In On A10 Networks
Several institutional investors and hedge funds have recently modified their holdings of ATEN. Walleye Capital LLC acquired a new position in shares of A10 Networks in the 1st quarter valued at approximately $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of A10 Networks by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after purchasing an additional 35,381 shares in the last quarter. First Trust Advisors LP raised its stake in A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after buying an additional 429,066 shares in the last quarter. Wellington Management Group LLP raised its stake in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after buying an additional 588,922 shares in the last quarter. Finally, Barclays PLC raised its stake in A10 Networks by 34.9% during the fourth quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock valued at $32,583,000 after buying an additional 476,647 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.
About A10 Networks
A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.
The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.