A10 Networks (NYSE:ATEN) Sets New 52-Week High – Here’s Why

Shares of A10 Networks, Inc. (NYSE:ATEN) reached a new 52-week high on Monday . The company traded as high as $34.15 and last traded at $34.2060, with a volume of 82551 shares. The stock had previously closed at $33.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday. Mizuho upped their price objective on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Weiss Ratings lowered shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Piper Sandler set a $45.00 target price on shares of A10 Networks in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.62.

A10 Networks Stock Performance

The company has a fifty day moving average of $28.86 and a two-hundred day moving average of $22.76. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 54.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share 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 $72.61 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.06 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.7%. A10 Networks’s payout ratio is 38.71%.

Insider Transactions at A10 Networks

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in A10 Networks during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its holdings in shares of A10 Networks by 271.4% in 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. Farther Finance Advisors LLC increased 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 valued at $40,000 after purchasing an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of A10 Networks by 4,621.6% during 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 in the last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of A10 Networks by 2,829.4% during 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 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.