A10 Networks (NYSE:ATEN) Reaches New 1-Year High – Still a Buy?

A10 Networks, Inc. (NYSE:ATEN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $28.66 and last traded at $28.3250, with a volume of 481618 shares trading hands. The stock had previously closed at $28.03.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of research reports. DNB Markets set a $9.00 price target on A10 Networks in a report on Monday, March 9th. Mizuho boosted their price target on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. BWS Financial boosted their price target on A10 Networks from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.86.

A10 Networks Stock Down 0.3%

The company has a market cap of $2.01 billion, a P/E ratio of 45.07 and a beta of 1.17. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $24.58 and its 200 day moving average is $20.36.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. A10 Networks’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.9%. A10 Networks’s payout ratio is 38.71%.

Insider Buying and Selling

In related news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the transaction, the director owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On A10 Networks

A number of large investors have recently made changes to their positions in the business. Quantinno Capital Management LP increased its position in shares of A10 Networks by 151.4% during the first quarter. Quantinno Capital Management LP now owns 55,029 shares of the communications equipment provider’s stock worth $1,272,000 after purchasing an additional 33,136 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of A10 Networks during the first quarter worth $500,000. Rice Hall James & Associates LLC increased its position in shares of A10 Networks by 6.4% during the first quarter. Rice Hall James & Associates LLC now owns 336,824 shares of the communications equipment provider’s stock worth $7,787,000 after purchasing an additional 20,312 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of A10 Networks by 1.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,459,910 shares of the communications equipment provider’s stock worth $33,753,000 after purchasing an additional 24,284 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of A10 Networks by 53.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 98,907 shares of the communications equipment provider’s stock worth $2,287,000 after purchasing an additional 34,551 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

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.