A10 Networks (NYSE:ATEN) Sets New 52-Week High – Should You Buy?
by Mitch Edgeman · The Markets DailyA10 Networks, Inc. (NYSE:ATEN – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.83 and last traded at $23.9850, with a volume of 136948 shares changing hands. The stock had previously closed at $23.12.
Analyst Upgrades and Downgrades
ATEN has been the subject of several recent research reports. Loop Capital set a $25.00 price objective on A10 Networks in a report on Monday, March 9th. BWS Financial boosted their price target on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of A10 Networks in a report on Friday, February 20th. Finally, DNB Markets set a $9.00 price target on A10 Networks in a report on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.
Read Our Latest Report on ATEN
A10 Networks Trading Up 4.1%
The firm has a fifty day simple moving average of $20.10 and a two-hundred day simple moving average of $18.55. The stock has a market cap of $1.73 billion, a PE ratio of 41.48 and a beta of 1.22. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03.
A10 Networks (NYSE:ATEN – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.
A10 Networks Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, February 13th. A10 Networks’s dividend payout ratio is presently 41.38%.
Insiders Place Their Bets
In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the sale, the chief executive officer owned 713,597 shares of the company’s stock, valued at $14,664,418.35. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.21% of the stock is owned by insiders.
Institutional Investors Weigh In On A10 Networks
A number of hedge funds have recently made changes to their positions in ATEN. Aster Capital Management DIFC Ltd bought a new position in shares of A10 Networks during the 4th quarter valued at $26,000. Jones Financial Companies Lllp lifted its position in A10 Networks by 271.4% in the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 1,140 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after acquiring an additional 2,357 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 2,405 shares during the period. 98.61% of the stock is currently owned by institutional investors.
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.