A10 Networks, Inc. (NYSE:ATEN) Receives $22.00 Average PT from Brokerages

A10 Networks, Inc. (NYSE:ATEN) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.00.

Several equities research analysts recently weighed in on ATEN shares. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th.

Institutional Investors Weigh In On A10 Networks

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in A10 Networks by 271.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 1,140 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of A10 Networks in the third quarter valued at $49,000. CWM LLC boosted its stake in A10 Networks by 38.1% during the third quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 1,005 shares in the last quarter. GAMMA Investing LLC grew its holdings in A10 Networks by 42.0% during the fourth quarter. GAMMA Investing LLC now owns 4,411 shares of the communications equipment provider’s stock worth $78,000 after acquiring an additional 1,305 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in A10 Networks by 120.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after acquiring an additional 3,225 shares during the period. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Price Performance

Shares of ATEN opened at $17.55 on Tuesday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 25.80 and a beta of 1.23. The stock has a 50 day moving average of $17.53 and a 200-day moving average of $17.88. The company has a current ratio of 3.64, a quick ratio of 3.49 and a debt-to-equity ratio of 1.06. A10 Networks has a 52 week low of $13.81 and a 52 week high of $21.90.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $74.68 million during the quarter, compared to the consensus estimate of $70.70 million. A10 Networks had a net margin of 17.78% and a return on equity of 25.87%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, analysts forecast that A10 Networks will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, November 17th. A10 Networks’s dividend payout ratio is presently 35.29%.

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.