A10 Networks (NYSE:ATEN) Raised to “Buy” at Wall Street Zen

A10 Networks (NYSE:ATEN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

ATEN has been the topic of several other research reports. BWS Financial lifted their price target on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday. BTIG Research restated a “buy” rating and set a $22.00 target price on shares of A10 Networks in a research note on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Finally, Mizuho raised their price target on A10 Networks from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, A10 Networks presently has an average rating of “Moderate Buy” and an average price target of $23.00.

A10 Networks Price Performance

NYSE ATEN opened at $19.96 on Friday. The business’s fifty day moving average is $18.29 and its 200 day moving average is $17.87. A10 Networks has a fifty-two week low of $13.81 and a fifty-two week high of $21.31. 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 company has a market capitalization of $1.43 billion, a PE ratio of 34.42 and a beta of 1.23.

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

Insider Activity

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the sale, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. 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

Hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of A10 Networks during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its position in A10 Networks by 271.4% during the third 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 during the last quarter. Farther Finance Advisors LLC grew its stake in shares of A10 Networks by 92.4% in the 4th 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 in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of A10 Networks by 4,621.6% in the 4th 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 increased its holdings in shares of A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 2,405 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.