A10 Networks (NYSE:ATEN) Given “Buy” Rating at BWS Financial

A10 Networks (NYSE:ATEN)‘s stock had its “buy” rating reissued by research analysts at BWS Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $24.00 target price on the communications equipment provider’s stock. BWS Financial’s price target points to a potential upside of 16.87% from the company’s current price.

Several other research firms have also recently issued reports on ATEN. Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, November 8th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $20.54 on Wednesday. A10 Networks has a 12 month low of $12.27 and a 12 month high of $20.96. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 30.65 and a beta of 1.14. The stock’s 50 day moving average price is $18.66 and its 200 day moving average price is $15.80.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. On average, sell-side analysts expect that A10 Networks will post 0.6 EPS for the current year.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A10 Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. Geode Capital Management LLC grew its holdings in shares of A10 Networks by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after acquiring an additional 89,175 shares in the last quarter. Barclays PLC grew its holdings in shares of A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after acquiring an additional 106,672 shares in the last quarter. Quest Partners LLC grew its holdings in shares of A10 Networks by 262.1% during the 3rd quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after acquiring an additional 40,712 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of A10 Networks by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 41,141 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of A10 Networks by 359.3% during the 4th quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after acquiring an additional 25,508 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.