A10 Networks (NYSE:ATEN) Sets New 1-Year High – Still a Buy?

A10 Networks, Inc. (NYSE:ATEN) hit a new 52-week high during trading on Monday . The company traded as high as $35.59 and last traded at $35.20, with a volume of 9031 shares trading hands. The stock had previously closed at $34.98.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Sidoti reaffirmed a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Mizuho lifted their target price on shares of A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, DNB Markets set a $9.00 price objective on A10 Networks in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

A10 Networks Stock Performance

The company’s 50-day moving average price is $30.20 and its 200 day moving average price is $23.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The stock has a market capitalization of $2.69 billion, a PE ratio of 60.33 and a beta of 1.20.

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

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s dividend payout ratio is presently 38.71%.

Insiders Place Their Bets

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the 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 transaction, the director owned 68,806 shares in the company, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATEN. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks in the fourth quarter worth about $26,000. Farther Finance Advisors LLC boosted its position 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 worth $40,000 after purchasing an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of A10 Networks by 4,621.6% in 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 during the last quarter. Clearstead Advisors LLC grew its stake in shares of A10 Networks by 2,829.4% in 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. Finally, Leonteq Securities AG bought a new position in A10 Networks during the 4th quarter valued at approximately $77,000. 98.61% of the stock is currently owned by institutional investors.

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.