A10 Networks (NYSE:ATEN) Share Price Passes Above 50 Day Moving Average – Here’s Why

A10 Networks, Inc. (NYSE:ATEN) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $32.85 and traded as high as $36.82. A10 Networks shares last traded at $35.81, with a volume of 1,093,884 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ATEN shares. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. BTIG Research lifted their target price on A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, BWS Financial upped their target price on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.29.

A10 Networks Trading Down 0.4%

The business’s 50 day simple moving average is $32.85 and its 200 day simple moving average is $25.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 57.76 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $72.61 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Research analysts anticipate that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity

In other news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in A10 Networks in the 1st quarter valued at $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $48,997,000 after acquiring an additional 35,381 shares during the period. First Trust Advisors LP lifted its stake in shares of 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 acquiring an additional 429,066 shares during the period. Wellington Management Group LLP boosted its holdings in shares of A10 Networks by 40.2% in the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after acquiring an additional 588,922 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of A10 Networks by 34.9% during the fourth quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock worth $32,583,000 after acquiring an additional 476,647 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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.