A10 Networks, Inc. (NYSE:ATEN) Given Consensus Rating of “Moderate Buy” by Analysts

A10 Networks, Inc. (NYSE:ATEN) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $22.00.

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

A10 Networks Trading Down 1.6%

Shares of NYSE ATEN opened at $17.30 on Tuesday. A10 Networks has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.49 and a current ratio of 3.64. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 25.45 and a beta of 1.23. The business’s 50 day moving average price is $17.53 and its 200-day moving average price is $17.86.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The business had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts expect that A10 Networks will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

Hedge Funds Weigh In On A10 Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in ATEN. First Trust Advisors LP raised its holdings in shares of A10 Networks by 12.4% in the second quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after acquiring an additional 214,778 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of A10 Networks by 3.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,342 shares of the communications equipment provider’s stock valued at $723,000 after purchasing an additional 1,141 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of A10 Networks in the 2nd quarter worth approximately $817,000. Segall Bryant & Hamill LLC purchased a new stake in shares of A10 Networks in the 2nd quarter worth approximately $1,266,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in A10 Networks by 39.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock valued at $25,284,000 after buying an additional 367,901 shares during the period. Institutional investors own 98.61% of the company’s stock.

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.