A10 Networks (NYSE:ATEN) Price Target Raised to $18.00 at Craig Hallum

A10 Networks (NYSE:ATEN) had its price objective lifted by Craig Hallum from $16.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the communications equipment provider’s stock.

Other research analysts have also issued reports about the company. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday.

A10 Networks Price Performance

NYSE ATEN opened at $20.82 on Wednesday. The company’s fifty day moving average is $18.58 and its two-hundred day moving average is $15.76. A10 Networks has a 52-week low of $12.27 and a 52-week high of $20.89. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 31.07 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share 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%. As a group, sell-side analysts expect that A10 Networks will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.82% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ATEN. State Street Corp increased its holdings in A10 Networks by 2.0% during 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 purchasing an additional 62,015 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 89,175 shares during the last quarter. Royce & Associates LP increased its stake in shares of A10 Networks by 12.7% in the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock valued at $12,168,000 after buying an additional 94,710 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of 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 valued at $15,017,000 after buying an additional 20,537 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in A10 Networks during the 2nd quarter worth about $9,562,000. Institutional investors own 98.61% of the company’s stock.

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.