A10 Networks, Inc. (NYSE:ATEN) Stock Rated “Hold” by Wall Street Brokerages

Shares of A10 Networks, Inc. (NYSE:ATEN) have received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $30.38.

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BWS Financial reiterated a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a research note on Friday, August 14th. BTIG Research reaffirmed a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Mizuho cut their price target on A10 Networks from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a research report on Monday, August 31st. They issued a “hold” rating and a $28.00 price target on the stock.

Insider Activity

In related news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the sale, the general counsel directly owned 50,586 shares in the company, valued at $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the sale, the director directly owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of A10 Networks in the second quarter valued at about $506,919,000. Walleye Capital LLC acquired a new stake in A10 Networks during the 1st quarter worth approximately $115,600,000. Punch & Associates Investment Management Inc. acquired a new position in A10 Networks in the 2nd quarter valued at $44,412,000. Deprince Race & Zollo Inc. bought a new position in A10 Networks during the 1st quarter worth $13,058,000. Finally, Royal Bank of Canada raised its position in shares of A10 Networks by 9,899.3% in the first quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider’s stock valued at $12,403,000 after buying an additional 531,096 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Trading Up 1.9%

NYSE:ATEN opened at $25.09 on Thursday. The stock has a 50 day moving average of $26.22 and a 200-day moving average of $29.12. The firm has a market capitalization of $1.82 billion, a PE ratio of 34.69 and a beta of 1.13. A10 Networks has a 52 week low of $16.52 and a 52 week high of $38.49.

A10 Networks (NYSE:ATEN) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. During the same period last year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, analysts predict that A10 Networks will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

About A10 Networks

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.