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

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

Several other equities analysts have also recently weighed in on the company. Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, November 8th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $20.08 on Wednesday. A10 Networks has a 52-week low of $12.27 and a 52-week high of $20.49. The stock’s 50-day simple moving average is $18.58 and its two-hundred day simple moving average is $15.76. The stock has a market capitalization 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 results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (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%. As a group, equities analysts forecast that A10 Networks will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Karen S. Thomas sold 6,162 shares of the company’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 transaction of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.82% of the stock is owned by insiders.

Institutional Investors Weigh In On A10 Networks

A number of large investors have recently made changes to their positions in ATEN. MassMutual Private Wealth & Trust FSB increased its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. Copeland Capital Management LLC bought a new position in A10 Networks during the third quarter valued at about $43,000. GAMMA Investing LLC lifted its holdings in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 744 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 2,762 shares in the last quarter. Finally, KBC Group NV boosted its holdings in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 2,251 shares in the last quarter. 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.