A10 Networks (NYSE:ATEN) Hits New 1-Year High – Should You Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $19.44 and last traded at $19.42, with a volume of 258258 shares trading hands. The stock had previously closed at $19.03.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATEN. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday, November 8th. BWS Financial increased their target price on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks Trading Down 1.0 %

The stock has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $15.45. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 28.74 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts forecast that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.25%. A10 Networks’s dividend payout ratio is currently 35.82%.

Insider Buying and Selling at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.81% of the company’s stock.

Institutional Trading of A10 Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. Canada Pension Plan Investment Board bought a new position in A10 Networks in the 2nd quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in 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 A10 Networks in the 3rd quarter valued at $43,000. GAMMA Investing LLC boosted its position in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 744 shares during the period. Finally, Quarry LP acquired a new position in shares of A10 Networks in the second quarter valued at about $47,000. 98.61% of the stock is owned by institutional investors.

About A10 Networks

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.