BTIG Reiterates Buy Rating on A10 Networks, Target Set at $37

BTIG reiterated its buy rating on A10 Networks, Inc. (NYSE:ATEN) on June 22, 2026, maintaining a target price of $37. Analyst Gray Powell expressed continued confidence in the company's prospects.

Other Institutional Activity in A10 Networks

BlackRock, Inc. grew its holdings in A10 Networks by 103,228 shares, ending with 13,088,277 shares worth about $302.6 million. Penserra Capital Management LLC reduced its stake by 666,147 shares, leaving it with 3,594,112 shares valued at $83.1 million, marking a 15.6% decrease. Vanguard Portfolio Management LLC opened a new position with 3,387,848 shares worth approximately $78.3 million. Similarly, Vanguard Capital Management LLC initiated a stake with 3,121,015 shares valued at $72.2 million. State Street Corp slightly trimmed its holdings by 25,970 shares to 3,090,185 shares, valued at $71.4 million.

A10 Networks, Inc. Stock Up 33.0%

Shares of NYSE:ATEN traded near $33.26 on Monday. A10 Networks has a market cap of $2.39 billion and a P/E ratio of 54.5, with a forward P/E of 28.2. The stock's 52-week low is $16.52, and its high is $33.64. It has a 50-day moving average of $28.68 and a 200-day moving average of $21.20. The company's current ratio is 3.71, with a quick ratio of 3.40 and a debt-to-equity ratio of 102.67.

Recent Earnings

In its most recent earnings, A10 Networks reported revenue of $299.4 million, reflecting a growth of 13.4%. The company achieved a net margin of 14.9% and a return on equity of 21.4%, with earnings per share of $0.61. The next earnings report is scheduled for August 4, 2026.

Dividend

A10 Networks pays an annual dividend rate of $0.24, yielding 0.72%. The dividend payout ratio stands at 39.34%.

Insider Buying and Selling at A10 Networks, Inc.

On May 15, 2026, several insiders at A10 Networks sold shares. General Counsel Robert Scott Weber sold 1,930 shares at $27.00 and $28.03. Chief Financial Officer Michelle Elizabeth Caron sold 748 and 760 shares at the same prices. CEO Dhrupad Trivedi sold 32,858 shares at both $27.00 and $28.03.

Analysts Set New Price Targets

On June 22, 2026, BTIG maintained its buy rating on A10 Networks with a $37 price target. Earlier, on June 16, 2026, BWS Financial also maintained a buy rating with a higher target of $45. Mizuho kept a hold rating, setting its target at $30 on June 11, 2026. The consensus rating is a buy, with an average target price of $34.80 among five analysts.

About A10 Networks

A10 Networks, Inc. provides secure application and network infrastructure solutions globally. The company offers a range of security and infrastructure products, including DDoS protection, application delivery control, and network security platforms. Headquartered in San Jose, California, A10 Networks serves diverse industries such as telecommunications, financial services, and education. Founded in 2004, it is led by CEO Dhrupad Trivedi and employs approximately 494 people.

Bottom Line

BTIG's reiterated buy rating reflects confidence in A10 Networks' market position and potential. Investors often track such ratings for insight into a company's future prospects. Remember, these ratings are backward-looking and based on analysis up to the report date.