Weiss Ratings Reaffirms Buy (B-) Rating for A10 Networks (NYSE:ATEN)

A10 Networks (NYSE:ATEN - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

A number of other analysts have also commented on the company. BWS Financial reiterated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum lifted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th. Raymond James began coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.00.

A10 Networks Stock Up 1.7 %

NYSE:ATEN traded up $0.27 during mid-day trading on Friday, reaching $16.67. 1,072,281 shares of the company were exchanged, compared to its average volume of 862,959. The stock has a market cap of $1.23 billion, a PE ratio of 24.89 and a beta of 1.31. A10 Networks has a 12 month low of $12.27 and a 12 month high of $21.90. The company has a fifty day moving average of $17.47 and a 200 day moving average of $17.68.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, equities research analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On A10 Networks

Several large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its stake in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC grew its stake in A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after purchasing an additional 744 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of A10 Networks in the fourth quarter valued at approximately $50,000. KBC Group NV lifted its position in shares of 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 buying an additional 2,251 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of A10 Networks in the fourth quarter valued at approximately $161,000. 98.61% of the stock is currently owned by institutional investors.

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.