A10 Networks (NYSE:ATEN) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of A10 Networks (NYSE:ATEN) in a research report sent to investors on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $22.00 price objective on the communications equipment provider’s stock.

Other research analysts have also recently issued reports about the stock. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Craig Hallum raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A10 Networks in a report on Saturday, June 14th. Finally, Raymond James Financial initiated coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

A10 Networks Trading Up 0.6%

NYSE ATEN opened at $19.17 on Friday. The company’s fifty day simple moving average is $17.34 and its 200-day simple moving average is $18.14. A10 Networks has a 52 week low of $12.27 and a 52 week high of $21.90. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.38 billion, a P/E ratio of 28.61 and a beta of 1.38.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The business had revenue of $66.14 million for the quarter, compared to analysts’ expectations of $63.63 million. During the same period in the previous year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts predict that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.24 annualized dividend and a yield of 1.25%. A10 Networks’s dividend payout ratio is presently 35.82%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the sale, the general counsel now owns 61,007 shares in the company, valued at $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by insiders.

Institutional Trading of A10 Networks

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of A10 Networks by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 404,266 shares of the communications equipment provider’s stock worth $7,438,000 after acquiring an additional 15,178 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of A10 Networks during the fourth quarter worth about $325,000. Charles Schwab Investment Management Inc. grew its position in shares of A10 Networks by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock worth $12,299,000 after acquiring an additional 17,510 shares during the last quarter. Seizert Capital Partners LLC grew its position in shares of A10 Networks by 52.2% during the fourth quarter. Seizert Capital Partners LLC now owns 21,288 shares of the communications equipment provider’s stock worth $392,000 after acquiring an additional 7,301 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of A10 Networks during the fourth quarter worth about $426,000. 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.