A10 Networks’ (ATEN) Buy Rating Reiterated at BWS Financial

A10 Networks (NYSE:ATEN)‘s stock had its “buy” rating reaffirmed by equities research analysts at BWS Financial in a research report issued on Wednesday,Benzinga reports. They presently have a $24.00 target price on the communications equipment provider’s stock. BWS Financial’s price target would suggest a potential upside of 19.52% from the stock’s previous close.

ATEN has been the subject of a number of other research reports. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Friday, November 8th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $20.08 on Wednesday. A10 Networks has a 1-year low of $12.27 and a 1-year high of $20.49. The stock’s 50-day moving average is $18.58 and its two-hundred day moving average is $15.76. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 29.87 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. Equities research analysts anticipate that A10 Networks will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the company’s 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 sale, the executive vice president now directly owns 23,799 shares in the company, valued at $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.82% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in A10 Networks by 2.0% in the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock valued at $45,790,000 after buying an additional 62,015 shares during the last quarter. Geode Capital Management LLC boosted its holdings in A10 Networks by 5.7% in the 3rd 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 period. Royce & Associates LP lifted its stake in A10 Networks by 12.7% in the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock worth $12,168,000 after purchasing an additional 94,710 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in A10 Networks by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock worth $15,017,000 after purchasing an additional 20,537 shares during the period. Finally, Millennium Management LLC bought a new position in A10 Networks in the second quarter worth approximately $9,562,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.