A10 Networks (NYSE:ATEN) Reaches New 52-Week High – Still a Buy?

A10 Networks, Inc. (NYSE:ATEN) shares reached a new 52-week high on Thursday . The stock traded as high as $21.69 and last traded at $21.4690, with a volume of 904354 shares. The stock had previously closed at $21.27.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of A10 Networks in a report on Friday, February 20th. BWS Financial upped their price target on shares of A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th. 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. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.29.

A10 Networks Stock Performance

The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 37.02 and a beta of 1.22. The company has a 50 day simple moving average of $19.16 and a 200 day simple moving average of $18.23.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. 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 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were given a $0.06 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. A10 Networks’s dividend payout ratio (DPR) is currently 41.38%.

Insider Buying and Selling at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in A10 Networks by 131.3% in the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after purchasing an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock valued at $13,648,000 after purchasing an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of A10 Networks by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after purchasing an additional 11,268 shares during the last quarter. Jane Street Group LLC increased its stake in shares of A10 Networks by 120.0% in the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after buying an additional 94,641 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of A10 Networks by 81.7% in the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after buying an additional 33,262 shares during the period. Institutional investors and hedge funds 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.