Brokerages Set A10 Networks, Inc. (NYSE:ATEN) PT at $23.00

Shares of A10 Networks, Inc. (NYSE:ATEN) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $21.2857.

Several research firms recently issued reports on ATEN. DNB Markets set a $9.00 price target on shares of A10 Networks in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Mizuho increased their price target on shares of 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 increased their price target on shares of A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 20th.

Insider Activity at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks 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 transaction, the chief executive officer owned 713,597 shares in the company, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several institutional investors and hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in A10 Networks in the fourth quarter worth $26,000. Jones Financial Companies Lllp raised its holdings in shares of A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 1,140 shares during the period. Farther Finance Advisors LLC lifted its position in shares of A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of A10 Networks by 4,621.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 2,357 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of 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 valued at $44,000 after buying an additional 2,405 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Price Performance

ATEN stock opened at $20.61 on Wednesday. The stock’s 50 day moving average is $18.74 and its two-hundred day moving average is $18.08. A10 Networks has a 52-week low of $13.81 and a 52-week high of $21.31. The company has a market capitalization of $1.48 billion, a PE ratio of 35.53 and a beta of 1.22. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Analysts predict that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s dividend payout ratio (DPR) is currently 41.38%.

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.