A10 Networks (NYSE:ATEN) Given “Buy” Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of A10 Networks (NYSE:ATEN) in a research report sent to investors on Friday morning,Benzinga reports. BTIG Research currently has a $22.00 price objective on the communications equipment provider’s stock.

ATEN has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, A10 Networks presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

A10 Networks Trading Up 1.4%

NYSE ATEN opened at $19.96 on Friday. The company’s 50-day moving average price is $18.29 and its 200-day moving average price is $17.87. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.43 billion, a PE ratio of 34.42 and a beta of 1.23. A10 Networks has a 12 month low of $13.81 and a 12 month high of $21.31.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $80.36 million during the quarter, compared to analyst estimates of $78.09 million. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts forecast that A10 Networks will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently declared 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 is Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. A10 Networks’s dividend payout ratio (DPR) is currently 41.38%.

Insiders Place Their Bets

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was 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 $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 through this link. 1.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC lifted its position in A10 Networks by 56.2% during the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock valued at $76,722,000 after acquiring an additional 1,425,792 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of A10 Networks by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock worth $48,997,000 after purchasing an additional 35,381 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of A10 Networks by 22.1% during the 3rd quarter. Boston Trust Walden Corp now owns 2,639,992 shares of the communications equipment provider’s stock valued at $47,916,000 after purchasing an additional 477,196 shares during the last quarter. First Trust Advisors LP boosted its position in shares of A10 Networks by 21.1% in the 4th quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after purchasing an additional 429,066 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after buying an additional 588,922 shares during 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.