A10 Networks, Inc. (NYSE:ATEN) Receives $21.29 Average Price Target from Brokerages

A10 Networks, Inc. (NYSE:ATEN) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.2857.

Several analysts recently issued reports on the company. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Loop Capital set a $25.00 price objective on shares of A10 Networks in a report on Monday, March 9th. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research report on Monday, March 9th. BWS Financial boosted their target price on shares of A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, BTIG Research restated a “buy” rating and set a $22.00 target price on shares of A10 Networks in a research report on Friday, February 20th.

Insider Activity at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer owned 713,597 shares in the company, valued at $14,664,418.35. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP increased its position in A10 Networks by 12.4% in the second quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock worth $37,721,000 after purchasing an additional 214,778 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of A10 Networks by 38.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after buying an additional 124,731 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of A10 Networks by 39.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock worth $25,284,000 after buying an additional 367,901 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of A10 Networks in the 3rd quarter worth about $1,112,000. Finally, JPMorgan Chase & Co. raised its position in shares of A10 Networks by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock valued at $6,900,000 after buying an additional 60,372 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Trading Up 0.0%

Shares of A10 Networks stock opened at $24.00 on Friday. A10 Networks has a fifty-two week low of $13.81 and a fifty-two week high of $24.22. 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 $1.72 billion, a P/E ratio of 41.37 and a beta of 1.09. The company has a fifty day moving average of $20.50 and a 200 day moving average of $18.68.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, sell-side analysts anticipate that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s dividend payout ratio is 41.38%.

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.