BTIG Research Reaffirms “Buy” Rating for A10 Networks (NYSE:ATEN)

A10 Networks (NYSE:ATEN)‘s stock had its “buy” rating restated by investment analysts at BTIG Research in a research note issued on Friday,Benzinga reports. They presently have a $22.00 price objective on the communications equipment provider’s stock. BTIG Research’s target price would indicate a potential upside of 11.85% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen cut 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, January 21st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

A10 Networks Stock Down 1.4%

Shares of NYSE ATEN opened at $19.67 on Friday. A10 Networks has a 52-week low of $13.81 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56. The business has a fifty day moving average of $18.25 and a two-hundred day moving average of $17.86. The stock has a market cap of $1.41 billion, a PE ratio of 33.91 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The business had revenue of $80.36 million during the quarter, compared to analysts’ expectations of $78.09 million. During the same quarter last year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Insider Activity at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the sale, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.15% of the company’s stock.

Institutional Trading of A10 Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATEN. Aster Capital Management DIFC Ltd bought a new stake in A10 Networks during the 4th quarter worth about $26,000. Jones Financial Companies Lllp grew its position in shares of 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 worth $29,000 after buying an additional 1,140 shares during the period. Farther Finance Advisors LLC raised its stake in shares of A10 Networks by 92.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 2,357 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 2,405 shares during the period. 98.61% of the stock is currently 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.