Wasatch Advisors LP Invests $15.55 Million in A10 Networks, Inc. $ATEN

Wasatch Advisors LP purchased a new stake in A10 Networks, Inc. (NYSE:ATEN) during the second quarter, Holdings Channel reports. The institutional investor purchased 416,114 shares of the communications equipment provider’s stock, valued at approximately $15,546,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Walleye Capital LLC bought a new stake in A10 Networks in the first quarter valued at approximately $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of A10 Networks by 1.3% during the third 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 purchasing an additional 35,381 shares in the last quarter. First Trust Advisors LP boosted its position in shares of A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after purchasing an additional 429,066 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after purchasing an additional 588,922 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of A10 Networks by 34.9% in the 4th quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock valued at $32,583,000 after buying an additional 476,647 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 1.1%

Shares of NYSE:ATEN opened at $27.46 on Thursday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 45.77 and a beta of 1.16. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The company’s fifty day simple moving average is $33.38 and its 200 day simple moving average is $27.06.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $80.14 million for the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Research analysts expect that A10 Networks, Inc. will post 0.84 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Sidoti reaffirmed a “neutral” rating and set a $24.00 price target on shares of A10 Networks in a research report on Monday, April 20th. Finally, BWS Financial reiterated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.29.

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by company insiders.

A10 Networks Company 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.