BWS Financial Issues Positive Forecast for A10 Networks (NYSE:ATEN) Stock Price

A10 Networks (NYSE:ATEN) had its target price raised by BWS Financial from $17.00 to $24.00 in a research report released on Wednesday, Marketbeat reports. They currently have a buy rating on the communications equipment provider’s stock.

A number of other research firms also recently weighed in on ATEN. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, November 8th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

A10 Networks Price Performance

Shares of ATEN stock opened at $16.53 on Wednesday. The firm has a market cap of $1.22 billion, a P/E ratio of 24.63 and a beta of 1.11. A10 Networks has a 1-year low of $11.83 and a 1-year high of $16.92. The firm has a fifty day moving average of $14.36 and a two-hundred day moving average of $14.15.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts expect that A10 Networks will post 0.65 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, November 18th. A10 Networks’s payout ratio is presently 35.82%.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.81% of the stock is currently owned by corporate insiders.

Institutional Trading of A10 Networks

Hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its stake in shares of A10 Networks by 15.6% in the 2nd quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider’s stock valued at $638,000 after buying an additional 6,217 shares in the last quarter. SG Americas Securities LLC acquired a new position in A10 Networks in the second quarter worth about $1,201,000. Point72 DIFC Ltd bought a new position in A10 Networks during the second quarter worth about $516,000. Russell Investments Group Ltd. grew its stake in shares of A10 Networks by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock valued at $8,020,000 after purchasing an additional 24,672 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of A10 Networks by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

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.