Bridge City Capital LLC Reduces Stock Holdings in A10 Networks, Inc. $ATEN

Bridge City Capital LLC lowered its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 379,342 shares of the communications equipment provider’s stock after selling 40,406 shares during the quarter. A10 Networks accounts for approximately 2.0% of Bridge City Capital LLC’s investment portfolio, making the stock its 9th biggest holding. Bridge City Capital LLC’s holdings in A10 Networks were worth $6,711,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of A10 Networks by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock worth $48,997,000 after buying an additional 35,381 shares in the last quarter. First Trust Advisors LP lifted its position in shares of A10 Networks by 21.1% during the 4th quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after buying an additional 429,066 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after buying an additional 588,922 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of A10 Networks by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,777,631 shares of the communications equipment provider’s stock worth $31,452,000 after buying an additional 10,052 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of A10 Networks by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,648,788 shares of the communications equipment provider’s stock worth $29,168,000 after buying an additional 15,198 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the transaction, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. The trade was a 26.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Loop Capital set a $25.00 price target on shares of A10 Networks in a report on Monday, March 9th. BTIG Research lifted their price target on shares of A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, DNB Markets set a $9.00 price target on shares of A10 Networks in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, A10 Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.29.

A10 Networks Stock Down 2.6%

A10 Networks stock opened at $31.82 on Friday. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $33.48. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 51.33 and a beta of 1.20. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. The firm has a 50 day simple moving average of $27.99 and a 200 day simple moving average of $22.17.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.62 million. During the same period in the previous year, the business earned $0.20 EPS. A10 Networks’s revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. A10 Networks’s payout ratio is currently 38.71%.

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.