A10 Networks (NYSE:ATEN) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

A10 Networks, Inc. (NYSE:ATEN)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $32.85 and traded as high as $36.82. A10 Networks shares last traded at $35.81, with a volume of 1,093,884 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BTIG Research boosted their price target on shares of A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Mizuho boosted their price objective on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, BWS Financial raised their target price on shares of A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, A10 Networks presently has an average rating of “Hold” and a consensus target price of $31.29.

A10 Networks Trading Down 2.4%

The stock has a 50 day moving average of $33.02 and a 200 day moving average of $25.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. The firm has a market cap of $2.56 billion, a P/E ratio of 57.37 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its quarterly 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. The firm had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.7%. A10 Networks’s dividend payout ratio (DPR) is 38.71%.

Insider Buying and Selling at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the sale, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On A10 Networks

A number of large investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC lifted its stake in shares of A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust lifted 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 last quarter. Clearstead Advisors LLC boosted its holdings in 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 during the period. Finally, PNC Financial Services Group Inc. grew its position in A10 Networks by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after acquiring an additional 488 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.