Brokerages Set A10 Networks, Inc. (NYSE:ATEN) Price Target at $21.29

by · The Markets Daily

A10 Networks, Inc. (NYSE:ATENGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.2857.

ATEN has been the subject of a number of recent research reports. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a report on Friday, February 20th. Mizuho lifted their price target on A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, BWS Financial boosted their price objective on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 20th.

View Our Latest Stock Report on ATEN

A10 Networks Price Performance

Shares of A10 Networks stock opened at $23.10 on Friday. The firm has a market cap of $1.66 billion, a PE ratio of 39.82 and a beta of 1.22. The stock has a 50 day moving average of $20.10 and a 200 day moving average of $18.55. 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 has a 12 month low of $13.81 and a 12 month high of $23.71.

A10 Networks (NYSE:ATENGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, research analysts expect that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. A10 Networks’s payout ratio is currently 41.38%.

Insiders Place Their Bets

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction 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 directly owned 713,597 shares in the company, valued at $14,664,418.35. This trade 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 this hyperlink. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in shares of A10 Networks by 12.4% during the second quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after purchasing an additional 214,778 shares during the period. Aptus Capital Advisors LLC increased its stake in A10 Networks by 38.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after buying an additional 124,731 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in A10 Networks by 39.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock worth $25,284,000 after buying an additional 367,901 shares during the period. SG Americas Securities LLC bought a new stake in A10 Networks during the 3rd quarter valued at about $1,112,000. Finally, October Effect Ltd bought a new stake in A10 Networks during the 3rd quarter valued at about $2,786,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

About A10 Networks

(Get Free Report)

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.

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