A10 Networks, Inc. $ATEN Stake Lessened by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in A10 Networks, Inc. (NYSE:ATEN) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,959,853 shares of the communications equipment provider’s stock after selling 114,658 shares during the period. Wellington Management Group LLP owned about 2.70% of A10 Networks worth $73,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC raised its position in A10 Networks by 24.2% during the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after buying an additional 421 shares during the period. PNC Financial Services Group Inc. boosted its position in A10 Networks by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after acquiring an additional 488 shares during the period. SBI Securities Co. Ltd. grew its stake in A10 Networks by 83.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 531 shares in the last quarter. GAMMA Investing LLC grew its stake in A10 Networks by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider’s stock valued at $269,000 after acquiring an additional 603 shares in the last quarter. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of A10 Networks in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ATEN shares. Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a research report on Monday. They issued a “hold” rating and a $28.00 price target for the company. Mizuho upped their price objective on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. BWS Financial reiterated a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a research note on Friday, August 14th. BTIG Research reissued a “buy” rating and set a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Finally, Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, A10 Networks has a consensus rating of “Hold” and a consensus target price of $30.88.

A10 Networks Stock Performance

Shares of ATEN stock opened at $24.80 on Thursday. The stock’s 50 day simple moving average is $31.43 and its 200 day simple moving average is $27.82. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 41.33 and a beta of 1.13.

A10 Networks (NYSE:ATEN) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (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 firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, analysts forecast that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

Insider Buying and Selling at A10 Networks

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the transaction, the general counsel directly owned 50,586 shares in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the transaction, the director owned 57,409 shares in the company, valued at $1,472,540.85. This trade represents a 4.42% decrease in their position. 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 currently owned by corporate insiders.

A10 Networks Profile

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.