A10 Networks (NYSE:ATEN) Hits New 1-Year High – Should You Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high on Monday . The stock traded as high as $19.22 and last traded at $19.16, with a volume of 90110 shares traded. The stock had previously closed at $18.67.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BWS Financial upped their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th.

A10 Networks Price Performance

The company has a market capitalization of $1.40 billion, a PE ratio of 28.34 and a beta of 1.16. The business’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $14.53.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s payout ratio is 35.82%.

Insider Buying and Selling at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the sale, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On A10 Networks

Several institutional investors have recently bought and sold shares of ATEN. Franklin Resources Inc. boosted its stake in shares of A10 Networks by 3.6% in the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider’s stock valued at $937,000 after purchasing an additional 2,187 shares during the period. Hohimer Wealth Management LLC purchased a new position in A10 Networks in the 3rd quarter valued at approximately $197,000. Geode Capital Management LLC grew its stake in shares of A10 Networks by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after acquiring an additional 89,175 shares in the last quarter. Barclays PLC increased its position in shares of A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after acquiring an additional 106,672 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of A10 Networks by 1.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock worth $789,000 after acquiring an additional 814 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.