A10 Networks (NYSE:ATEN) Rating Lowered to “Hold” at Zacks Research

A10 Networks (NYSE:ATEN) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Sidoti reissued a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a report on Monday, April 20th. BWS Financial boosted their price objective on shares of A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. DNB Markets set a $9.00 target price on shares of A10 Networks in a report on Monday, March 9th. BTIG Research increased their target price on shares of A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, A10 Networks has an average rating of “Hold” and an average target price of $30.71.

A10 Networks Stock Up 3.0%

A10 Networks stock opened at $37.41 on Monday. The firm has a 50 day moving average price of $30.20 and a 200-day moving average price of $23.61. 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 has a twelve month low of $16.52 and a twelve month high of $37.67. The company has a market capitalization of $2.69 billion, a P/E ratio of 60.33 and a beta of 1.20.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. During the same quarter last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts predict that A10 Networks will post 0.83 EPS for the current year.

Insider Activity

In related news, Director Eric Singer sold 24,698 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, the director directly owned 68,806 shares in the company, valued at $1,872,211.26. This represents a 26.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Walleye Capital LLC purchased a new position in shares of A10 Networks during the first quarter valued at approximately $115,600,000. Boston Partners purchased a new stake in A10 Networks in the fourth quarter worth $14,795,000. Barclays PLC lifted its stake in A10 Networks by 103.7% in the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after acquiring an additional 695,150 shares during the period. Wellington Management Group LLP boosted its holdings in A10 Networks by 40.2% in 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 acquiring an additional 588,922 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in A10 Networks in the first quarter valued at $13,058,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Company Profile

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.