A10 Networks, Inc. (NYSE:ATEN) Stock Has Average Price Target of $30.88

Shares of A10 Networks, Inc. (NYSE:ATEN) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.88.

A number of research firms have commented on ATEN. BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. Piper Sandler set a $45.00 price target on A10 Networks in a report on Tuesday, June 16th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Mizuho raised their price objective on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, BWS Financial restated a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a report on Friday, August 14th.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $25.76 on Friday. The company has a 50 day simple moving average of $27.69 and a 200-day simple moving average of $28.45. The company has a market capitalization of $1.87 billion, a P/E ratio of 42.93 and a beta of 1.13. A10 Networks has a 1 year low of $16.52 and a 1 year high of $38.49.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, research analysts expect that A10 Networks will post 0.81 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In other news, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the sale, the director directly owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the transaction, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATEN. Envestnet Asset Management Inc. purchased a new stake in shares of A10 Networks in the 2nd quarter valued at $9,262,000. The Manufacturers Life Insurance Company boosted its holdings in A10 Networks by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,959 shares of the communications equipment provider’s stock valued at $1,119,000 after acquiring an additional 458 shares during the period. Sequoia Financial Advisors LLC purchased a new position in A10 Networks during the 2nd quarter valued at about $204,000. Integrated Wealth Concepts LLC acquired a new position in A10 Networks in the 2nd quarter valued at about $158,000. Finally, Baird Financial Group Inc. acquired a new position in A10 Networks in the 2nd quarter valued at about $252,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Company Profile

A10 Networks, Inc is a cybersecurity and application networking company that provides solutions designed to improve the performance, availability and security of enterprise and service-provider networks. Its offerings help organizations manage application traffic, protect online services from cyber threats and support the delivery of digital services across data centers, private clouds and public cloud environments.

The company’s portfolio has included the Thunder family of products, such as application delivery controllers, carrier-grade networking solutions, cloud firewalls and SSL inspection platforms.