A10 Networks (NYSE:ATEN) Given New $24.00 Price Target at BWS Financial

A10 Networks (NYSE:ATEN - Get Free Report) had its target price lifted by research analysts at BWS Financial from $17.00 to $24.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a "buy" rating on the communications equipment provider's stock. BWS Financial's target price would suggest a potential upside of 45.23% from the stock's current price.

ATEN has been the subject of several other research reports. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Craig Hallum cut A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 target price for the company. in a research note on Friday, November 8th.

A10 Networks Price Performance

Shares of ATEN stock traded down $0.16 on Wednesday, reaching $16.53. 862,471 shares of the stock were exchanged, compared to its average volume of 719,914. A10 Networks has a one year low of $11.83 and a one year high of $16.92. The stock has a market cap of $1.22 billion, a PE ratio of 24.63 and a beta of 1.11. The stock has a 50 day moving average price of $14.36 and a 200 day moving average price of $14.15.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million during the quarter, compared to analysts' expectations of $63.78 million. During the same period in the previous year, the business posted $0.12 EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. On average, research analysts expect that A10 Networks will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of A10 Networks

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of A10 Networks by 15.6% during the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock worth $638,000 after buying an additional 6,217 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of A10 Networks during the second quarter worth about $1,201,000. Point72 DIFC Ltd bought a new position in shares of A10 Networks during the second quarter worth about $516,000. Russell Investments Group Ltd. grew its holdings in shares of A10 Networks by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider's stock worth $8,020,000 after buying an additional 24,672 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of A10 Networks by 7.4% during 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. 98.61% of the stock is currently owned by 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.