A10 Networks (NYSE:ATEN) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of A10 Networks (NYSE:ATEN) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other equities analysts have also recently commented on the stock. BWS Financial raised their price target on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Mizuho upped their target price on A10 Networks from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday. Finally, BTIG Research reiterated a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

A10 Networks Stock Up 1.4%

NYSE:ATEN opened at $19.96 on Friday. A10 Networks has a 52 week low of $13.81 and a 52 week high of $21.31. The stock’s fifty day moving average is $18.29 and its two-hundred day moving average is $17.87. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 34.42 and a beta of 1.23. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The firm had revenue of $80.36 million for the quarter, compared to the consensus estimate of $78.09 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was up 8.3% 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 will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. A10 Networks’s payout ratio is presently 41.38%.

Insider Transactions at A10 Networks

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the sale, the chief executive officer owned 713,597 shares in the company, valued at $14,664,418.35. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A10 Networks

Large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of A10 Networks in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its holdings in A10 Networks by 271.4% in the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 1,140 shares during the period. Farther Finance Advisors LLC boosted its position in shares of A10 Networks by 92.4% during 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% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 2,357 shares during the period. Finally, Clearstead Advisors LLC increased its holdings 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 valued at $44,000 after purchasing an additional 2,405 shares in the last quarter. 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.