A10 Networks (NYSE:ATEN) Rating Reiterated by BWS Financial

A10 Networks (NYSE:ATEN)‘s stock had its “buy” rating reissued by equities research analysts at BWS Financial in a note issued to investors on Tuesday, Benzinga reports. They currently have a $17.00 target price on the communications equipment provider’s stock. BWS Financial’s price target would suggest a potential upside of 26.30% from the company’s current price.

ATEN has been the topic of a number of other research reports. Craig Hallum boosted their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. StockNews.com cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st.

A10 Networks Stock Up 0.7 %

A10 Networks stock opened at $13.46 on Tuesday. The company has a market capitalization of $1.00 billion, a PE ratio of 22.07 and a beta of 1.12. The firm has a fifty day simple moving average of $14.54 and a two-hundred day simple moving average of $13.81. A10 Networks has a twelve month low of $10.03 and a twelve month high of $16.46.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a net margin of 17.96% and a return on equity of 22.42%. The firm had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $59.43 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts expect that A10 Networks will post 0.66 earnings per share for the current fiscal year.

Insider Activity at A10 Networks

In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $15.40, for a total value of $50,759,123.80. Following the sale, the director now owns 619,166 shares in the company, valued at $9,535,156.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On A10 Networks

Hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in A10 Networks in the fourth quarter worth about $163,000. Harbor Capital Advisors Inc. grew its holdings in A10 Networks by 6.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock worth $176,000 after purchasing an additional 816 shares during the period. ProShare Advisors LLC lifted its stake in shares of A10 Networks by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares in the last quarter. Gladius Capital Management LP lifted its stake in shares of A10 Networks by 20.8% in the fourth quarter. Gladius Capital Management LP now owns 16,138 shares of the communications equipment provider’s stock worth $213,000 after buying an additional 2,782 shares in the last quarter. Finally, Diversified Trust Co bought a new position in shares of A10 Networks in the fourth quarter worth approximately $228,000. Hedge funds and other 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.