A10 Networks (NYSE:ATEN) Given Hold (C) Rating at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of A10 Networks (NYSE:ATEN) in a report issued on Saturday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the company. Craig Hallum raised A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, May 2nd. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Raymond James started coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a “market perform” rating for the company. Finally, BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, A10 Networks has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Price Performance

Shares of ATEN stock opened at $17.66 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 26.36 and a beta of 1.38. The stock has a 50 day simple moving average of $16.88 and a 200-day simple moving average of $18.11. A10 Networks has a 1-year low of $12.27 and a 1-year high of $21.90.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to analysts’ expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. Analysts anticipate that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, May 15th. A10 Networks’s payout ratio is currently 35.82%.

Insider Activity at A10 Networks

In other news, General Counsel Robert Scott Weber sold 2,500 shares of A10 Networks stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the sale, the general counsel now directly owns 61,007 shares in the company, valued at $1,052,980.82. The trade was a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vestcor Inc acquired a new stake in shares of A10 Networks during the 1st quarter worth approximately $44,000. Sunbelt Securities Inc. bought a new stake in shares of A10 Networks in the fourth quarter worth about $50,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of A10 Networks in the first quarter worth about $55,000. CWM LLC boosted its position in shares of A10 Networks by 45.6% during the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock worth $76,000 after buying an additional 1,454 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of A10 Networks during the fourth quarter worth about $161,000. 98.61% of the stock is owned by institutional investors.

About A10 Networks

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.