A10 Networks (NYSE:ATEN) Stock Rating Lowered by Wall Street Zen

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

A number of other equities research analysts also recently commented on the company. Mizuho increased their price objective on A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Weiss Ratings cut A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. BTIG Research set a $37.00 target price on A10 Networks in a research report on Thursday. Loop Capital set a $25.00 target price on A10 Networks in a report on Monday, March 9th. Finally, Sidoti reiterated a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.62.

A10 Networks Stock Performance

Shares of ATEN opened at $33.30 on Friday. The firm’s 50 day moving average is $28.86 and its 200-day moving average is $22.72. The stock has a market capitalization of $2.40 billion, a P/E ratio of 53.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. A10 Networks has a 12-month low of $16.52 and a 12-month high of $33.63.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.61 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts anticipate that A10 Networks will post 0.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was 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. This trade represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.21% of the stock is owned by insiders.

Institutional Investors Weigh In On A10 Networks

Institutional investors have recently bought and sold shares of the business. Walleye Capital LLC acquired a new stake in shares of A10 Networks during the first quarter worth approximately $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in A10 Networks by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after buying an additional 35,381 shares during the period. First Trust Advisors LP lifted its position in A10 Networks by 21.1% in the 4th quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after buying an additional 429,066 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after buying an additional 588,922 shares during the period. Finally, Barclays PLC boosted its stake in shares of A10 Networks by 34.9% during the 4th quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock valued at $32,583,000 after buying an additional 476,647 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.