A10 Networks (NYSE:ATEN) Reaches New 52-Week High – Time to Buy?

A10 Networks, Inc. (NYSE:ATEN) shares reached a new 52-week high on Monday . The stock traded as high as $17.22 and last traded at $17.20, with a volume of 220271 shares changing hands. The stock had previously closed at $17.05.

Analyst Ratings Changes

Several equities research analysts have weighed in on ATEN shares. BWS Financial lifted their price target on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, November 8th. Finally, StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks Stock Up 2.6 %

The stock has a market capitalization of $1.29 billion, a P/E ratio of 25.45 and a beta of 1.11. The firm’s 50 day simple moving average is $15.18 and its two-hundred day simple moving average is $14.29.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share 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 firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts expect that A10 Networks, Inc. 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, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Insider Buying and Selling 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 shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.81% of the company’s stock.

Institutional Trading of A10 Networks

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after purchasing an additional 35,010 shares during the period. Comerica Bank raised its stake in shares of A10 Networks by 59.7% during the 1st quarter. Comerica Bank now owns 50,888 shares of the communications equipment provider’s stock worth $697,000 after purchasing an additional 19,021 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of A10 Networks by 246.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 289,296 shares of the communications equipment provider’s stock worth $4,007,000 after purchasing an additional 205,760 shares during the period. SG Americas Securities LLC bought a new stake in shares of A10 Networks during the 2nd quarter worth $1,201,000. Finally, Diversified Trust Co raised its stake in shares of A10 Networks by 10.9% during the 2nd quarter. Diversified Trust Co now owns 19,200 shares of the communications equipment provider’s stock worth $266,000 after purchasing an additional 1,883 shares during the period. 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.