A10 Networks (NYSE:ATEN) Reaches New 52-Week High – Should You Buy?

A10 Networks, Inc. (NYSE:ATEN)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $28.66 and last traded at $28.3250, with a volume of 481618 shares traded. The stock had previously closed at $28.03.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ATEN. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Sidoti reiterated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, BTIG Research increased their price objective on A10 Networks from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.86.

A10 Networks Stock Up 0.5%

The firm has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The company has a market cap of $2.03 billion, a PE ratio of 45.44 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $72.62 million. During the same period last year, the company earned $0.20 earnings per share. The company’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. Equities research analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is 38.71%.

Insiders Place Their Bets

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction 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 in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Trading of A10 Networks

A number of institutional investors have recently modified their holdings of ATEN. Aster Capital Management DIFC Ltd purchased a new position in A10 Networks in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its position in shares of 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 worth $29,000 after acquiring an additional 1,140 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of A10 Networks by 4,621.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after acquiring an additional 2,357 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in shares of A10 Networks by 2,829.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 2,405 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.