A10 Networks, Inc. (NYSE:ATEN – Get Rating) – Stock analysts at BWS Financial dropped their Q1 2023 EPS estimates for shares of A10 Networks in a research note issued on Thursday, January 5th. BWS Financial analyst H. Khorsand now forecasts that the communications equipment provider will post earnings per share of $0.10 for the quarter, down from their prior estimate of $0.12. BWS Financial has a "Buy" rating and a $24.00 price target on the stock. The consensus estimate for A10 Networks' current full-year earnings is $0.53 per share. BWS Financial also issued estimates for A10 Networks' FY2023 earnings at $0.68 EPS.

A10 Networks (NYSE:ATEN – Get Rating) last released its earnings results on Tuesday, November 1st. The communications equipment provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). A10 Networks had a return on equity of 20.73% and a net margin of 14.49%. The business had revenue of $72.06 million during the quarter, compared to analysts' expectations of $69.96 million.

A10 Networks Price Performance

ATEN opened at $15.87 on Monday. The company's 50 day simple moving average is $17.78 and its two-hundred day simple moving average is $15.64. A10 Networks has a 1-year low of $12.27 and a 1-year high of $19.79. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 31.74 and a beta of 1.02.

A10 Networks Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 14th. This is a boost from A10 Networks's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%. A10 Networks's payout ratio is 48.00%.

Insider Activity at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 5,000 shares of A10 Networks stock in a transaction on Friday, November 4th. The shares were sold at an average price of $18.00, for a total value of $90,000.00. Following the transaction, the chief financial officer now directly owns 55,673 shares in the company, valued at $1,002,114. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other A10 Networks news, EVP Matthew P. Bruening sold 5,143 shares of the company's stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $17.71, for a total value of $91,082.53. Following the sale, the executive vice president now owns 120,775 shares of the company's stock, valued at $2,138,925.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Becker sold 5,000 shares of the company's stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief financial officer now directly owns 55,673 shares in the company, valued at approximately $1,002,114. The disclosure for this sale can be found here. Insiders sold a total of 85,763 shares of company stock valued at $1,555,514 over the last ninety days. Insiders own 14.22% of the company's stock.

Institutional Trading of A10 Networks

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of A10 Networks by 10.2% during the third quarter. BlackRock Inc. now owns 11,378,230 shares of the communications equipment provider's stock valued at $150,989,000 after buying an additional 1,050,459 shares during the period. Vanguard Group Inc. lifted its stake in shares of A10 Networks by 0.7% during the third quarter. Vanguard Group Inc. now owns 5,814,583 shares of the communications equipment provider's stock valued at $77,159,000 after buying an additional 40,164 shares during the period. Renaissance Technologies LLC lifted its stake in shares of A10 Networks by 3.6% during the second quarter. Renaissance Technologies LLC now owns 2,957,233 shares of the communications equipment provider's stock valued at $42,525,000 after buying an additional 102,173 shares during the period. Alliancebernstein L.P. increased its position in A10 Networks by 13.9% during the third quarter. Alliancebernstein L.P. now owns 2,521,138 shares of the communications equipment provider's stock worth $33,456,000 after purchasing an additional 308,059 shares during the last quarter. Finally, State Street Corp increased its position in A10 Networks by 6.6% during the third quarter. State Street Corp now owns 2,486,405 shares of the communications equipment provider's stock worth $32,995,000 after purchasing an additional 153,784 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company's stock.

About A10 Networks

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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