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

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

Several other research analysts have also recently weighed in on ATEN. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Friday, November 8th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks Stock Performance

Shares of ATEN opened at $16.44 on Wednesday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 24.54 and a beta of 1.11. The stock has a fifty day moving average price of $14.54 and a two-hundred day moving average price of $14.20. A10 Networks has a 52-week low of $11.83 and a 52-week high of $16.92.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping 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 firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 15.5% on a year-over-year basis. As a group, research analysts predict that A10 Networks will post 0.65 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Insider Activity at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after buying an additional 89,175 shares during the last quarter. Barclays PLC raised its position in shares of A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after acquiring an additional 106,672 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of A10 Networks by 1.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock valued at $789,000 after acquiring an additional 814 shares during the period. Weiss Asset Management LP bought a new position in A10 Networks during the 3rd quarter worth approximately $2,295,000. Finally, State Street Corp grew its holdings in A10 Networks by 2.0% during the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock valued at $45,790,000 after purchasing an additional 62,015 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

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.