A10 Networks, Inc. $ATEN Stock Holdings Increased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 110.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,537 shares of the communications equipment provider’s stock after purchasing an additional 27,537 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in A10 Networks were worth $1,963,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its stake in shares of A10 Networks by 84.3% in the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock worth $2,724,000 after acquiring an additional 70,357 shares during the last quarter. BlackRock Inc. acquired a new position in A10 Networks in the 2nd quarter worth about $506,919,000. AlphaQuest LLC raised its position in A10 Networks by 967.4% during the fourth quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock valued at $2,878,000 after acquiring an additional 147,444 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in A10 Networks in the second quarter valued at approximately $9,158,000. Finally, Royal Bank of Canada grew its position in A10 Networks by 9,899.3% in the first quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider’s stock worth $12,403,000 after acquiring an additional 531,096 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the transaction, the general counsel directly owned 50,586 shares in the company, valued at $1,409,325.96. The trade was a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by insiders.

A10 Networks Price Performance

ATEN stock opened at $25.77 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 42.95 and a beta of 1.16. The company has a 50-day moving average of $31.97 and a two-hundred day moving average of $27.69. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s payout ratio is currently 40.00%.

Analyst Ratings Changes

ATEN has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a report on Tuesday, June 16th. BTIG Research reissued a “buy” rating and set a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. Mizuho raised their target price on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.29.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.