A10 Networks (NYSE:ATEN) Price Target Raised to $18.00

A10 Networks (NYSE:ATEN) had its target price hoisted by Craig Hallum from $16.00 to $18.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the communications equipment provider’s stock.

Other equities analysts have also recently issued reports about the stock. BWS Financial reaffirmed a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Wednesday. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

A10 Networks Stock Up 2.7 %

ATEN stock opened at $20.82 on Wednesday. A10 Networks has a twelve month low of $12.27 and a twelve month high of $20.89. The company has a market cap of $1.54 billion, a P/E ratio of 31.07 and a beta of 1.14. The business has a fifty day moving average of $18.58 and a 200-day moving average of $15.76.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. As a group, equities research analysts anticipate that A10 Networks will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.82% of the company’s stock.

Institutional Investors Weigh In On A10 Networks

A number of hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its position in shares of A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 2,000 shares during the period. Copeland Capital Management LLC acquired a new position in shares of A10 Networks in the third quarter valued at approximately $43,000. GAMMA Investing LLC increased its position in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 744 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 2,762 shares during the period. Finally, KBC Group NV raised its holdings in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after acquiring an additional 2,251 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Company Profile

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.