A10 Networks (NYSE:ATEN) Stock Rating Upgraded by StockNews.com

A10 Networks (NYSE:ATEN - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Wednesday.

Other equities analysts have also recently issued reports about the company. Craig Hallum increased their target price on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, February 5th. BWS Financial reiterated a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Performance

A10 Networks stock opened at $19.49 on Wednesday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 29.08 and a beta of 1.17. A10 Networks has a 52-week low of $12.27 and a 52-week high of $21.90. The stock's 50 day moving average price is $19.73 and its two-hundred day moving average price is $17.05.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its 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 23.44% and a net margin of 19.16%. On average, equities research analysts forecast that A10 Networks will post 0.69 EPS for the current year.

Institutional Investors Weigh In On A10 Networks

Several large investors have recently made changes to their positions in ATEN. Principal Financial Group Inc. increased its position in shares of A10 Networks by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after purchasing an additional 41,141 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of A10 Networks by 38.5% during the 3rd quarter. Victory Capital Management Inc. now owns 198,801 shares of the communications equipment provider's stock valued at $2,871,000 after purchasing an additional 55,302 shares during the last quarter. MQS Management LLC purchased a new stake in shares of A10 Networks during the 3rd quarter valued at $206,000. Impax Asset Management Group plc increased its position in shares of A10 Networks by 25.0% during the 3rd quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider's stock valued at $9,928,000 after purchasing an additional 137,500 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in A10 Networks by 12.7% in the 3rd quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider's stock worth $12,168,000 after acquiring an additional 94,710 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads