Analysts Set A10 Networks, Inc. (NYSE:ATEN) Price Target at $30.71

A10 Networks, Inc. (NYSE:ATEN) has received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.7143.

Several research firms have recently weighed in on ATEN. BWS Financial lifted their target price on shares of A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Sidoti restated a “neutral” rating and set a $24.00 price target on shares of A10 Networks in a research report on Monday, April 20th. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research report on Tuesday, June 16th. Finally, Mizuho increased their target price on shares of A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th.

A10 Networks Stock Down 0.9%

A10 Networks stock opened at $36.82 on Tuesday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 59.39 and a beta of 1.14. A10 Networks has a 52 week low of $16.52 and a 52 week high of $38.49. The business’s 50-day moving average price is $31.94 and its 200 day moving average price is $24.81. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $72.61 million. During the same period last year, the business earned $0.20 earnings per share. A10 Networks’s quarterly revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, sell-side analysts anticipate that A10 Networks will post 0.83 earnings per share for the current year.

A10 Networks Dividend Announcement

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

Insider Activity

In other news, Director Eric Singer sold 24,698 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the transaction, the director owned 68,806 shares in the company, valued at $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in A10 Networks by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock worth $6,900,000 after purchasing an additional 60,372 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of A10 Networks by 84.3% during the 4th quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock worth $2,724,000 after acquiring an additional 70,357 shares during the period. First Trust Advisors LP boosted its position in shares of A10 Networks by 4.4% during the 3rd quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock valued at $36,922,000 after acquiring an additional 84,848 shares during the last quarter. AlphaQuest LLC boosted its holdings in A10 Networks by 967.4% in the 4th quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock valued at $2,878,000 after purchasing an additional 147,444 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in A10 Networks in the first quarter valued at approximately $2,283,000. 98.61% of the stock is owned by hedge funds and other 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.