A10 Networks (NYSE:ATEN) Hits New 12-Month High – Should You Buy?

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $21.10 and last traded at $21.01, with a volume of 313857 shares traded. The stock had previously closed at $20.61.

Wall Street Analyst Weigh In

ATEN has been the topic of a number of research reports. StockNews.com cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday. Craig Hallum raised their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, BWS Financial restated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th.

A10 Networks Stock Up 1.9 %

The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.36 and a beta of 1.14. The business has a 50-day moving average price of $18.92 and a 200-day moving average price of $16.00.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors have recently bought and sold shares of ATEN. MassMutual Private Wealth & Trust FSB increased its stake in shares of A10 Networks by 3,389.8% in 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 during the last quarter. Copeland Capital Management LLC acquired a new position in A10 Networks in the 3rd quarter worth about $43,000. GAMMA Investing LLC raised its stake in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 2,762 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after buying an additional 2,251 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.