A10 Networks (NYSE:ATEN) Receives “Buy” Rating from BWS Financial

BWS Financial reaffirmed their buy rating on shares of A10 Networks (NYSE:ATEN) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $24.00 target price on the communications equipment provider’s stock.

A number of other equities research analysts also recently issued reports on ATEN. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

A10 Networks Trading Up 2.7 %

NYSE ATEN opened at $20.82 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 31.07 and a beta of 1.14. A10 Networks has a 1-year low of $12.27 and a 1-year high of $20.89. The company has a 50 day moving average of $18.58 and a 200-day moving average of $15.76.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. On average, equities research analysts forecast that A10 Networks will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Insider Buying and Selling at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.82% of the company’s stock.

Hedge Funds Weigh In On A10 Networks

A number of institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its position in A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of A10 Networks by 43.5% during the 4th 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 in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks during the 3rd quarter valued at $43,000. KBC Group NV grew its position in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares in the last quarter. 98.61% of the stock is currently 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.