A10 Networks (NYSE:ATEN) Sets New 12-Month High – Here’s Why

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $21.69 and last traded at $21.4690, with a volume of 904354 shares traded. The stock had previously closed at $21.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Loop Capital set a $25.00 target price on shares of A10 Networks in a report on Monday, March 9th. Mizuho lifted their price target on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Finally, Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.29.

A10 Networks Price Performance

The firm has a market capitalization of $1.54 billion, a P/E ratio of 37.02 and a beta of 1.22. The company has a fifty day moving average of $19.16 and a 200 day moving average of $18.23. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Sell-side analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, February 13th. A10 Networks’s dividend payout ratio (DPR) is currently 41.38%.

Insider Transactions at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new position in shares of A10 Networks in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp grew its stake in A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 1,140 shares during the period. Farther Finance Advisors LLC grew its stake in A10 Networks by 92.4% during the fourth 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 during the period. Parkside Financial Bank & Trust increased its holdings in A10 Networks by 4,621.6% in the fourth 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 in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,405 shares in the last quarter. 98.61% of the stock is 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.