A10 Networks, Inc. (NYSE:ATEN) Stock Has Average Price Target of $30.38

Shares of A10 Networks, Inc. (NYSE:ATEN) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $30.38.

Several research analysts have recently issued reports on the company. BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Wall Street Zen upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Saturday. BWS Financial restated a “buy” rating and set a $45.00 target price on shares of A10 Networks in a report on Friday, August 14th. Mizuho lowered their price target on A10 Networks from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Finally, Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday.

A10 Networks Price Performance

NYSE:ATEN opened at $28.59 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.19 and a current ratio of 3.46. The company has a 50-day moving average of $26.23 and a 200-day moving average of $26.86. A10 Networks has a 52 week low of $16.52 and a 52 week high of $38.49. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 43.33, a PEG ratio of 2.17 and a beta of 0.99.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, November 5th. The communications equipment provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $91.55 million during the quarter, compared to analysts’ expectations of $83.88 million. A10 Networks had a return on equity of 25.35% and a net margin of 14.66%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. As a group, equities research analysts anticipate that A10 Networks will post 0.84 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, November 16th. A10 Networks’s dividend payout ratio is 36.36%.

Insider Transactions at A10 Networks

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The shares were 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 in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On A10 Networks

Several institutional investors and hedge funds have recently modified their holdings of ATEN. Marshall Wace LLP bought a new stake in shares of A10 Networks in the third quarter valued at about $889,000. Gabelli Funds LLC grew its stake in shares of A10 Networks by 443.1% in the third quarter. Gabelli Funds LLC now owns 54,315 shares of the communications equipment provider’s stock valued at $1,472,000 after acquiring an additional 44,315 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of A10 Networks by 12.8% in the third quarter. Gamco Investors INC. ET AL now owns 18,100 shares of the communications equipment provider’s stock valued at $491,000 after acquiring an additional 2,050 shares in the last quarter. Benjamin Edwards Inc. raised its stake in A10 Networks by 3.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 17,620 shares of the communications equipment provider’s stock worth $478,000 after purchasing an additional 640 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in A10 Networks by 2.1% in the 3rd quarter. First Trust Advisors LP now owns 3,313,243 shares of the communications equipment provider’s stock worth $89,822,000 after purchasing an additional 68,504 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

About A10 Networks

A10 Networks, Inc. provides application delivery and cybersecurity solutions for enterprises, service providers and cloud providers. Its products are designed to help organizations maintain the availability, performance and security of applications and network services. The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, network firewalls, and tools for encrypted-traffic visibility and management. These solutions are offered as physical appliances, software and cloud-based services.