Dana Elizabeth Wolf Sells 2,652 Shares of A10 Networks (NYSE:ATEN) Stock

A10 Networks, Inc. (NYSE:ATEN) Director Dana Elizabeth Wolf sold 2,652 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the transaction, the director directly owned 57,409 shares in the company, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Stock Up 3.1%

Shares of ATEN opened at $25.90 on Thursday. The business has a 50-day simple moving average of $32.24 and a two-hundred day simple moving average of $27.65. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 43.17 and a beta of 1.16. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $38.49.

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

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.06 per share. 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 dividend payout ratio (DPR) is 40.00%.

Analysts Set New Price Targets

ATEN has been the topic of a number of research analyst reports. BTIG Research reiterated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research note on Friday, August 14th. Piper Sandler set a $45.00 target price on shares of A10 Networks in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, Mizuho upped their price target on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.29.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently bought and sold shares of ATEN. BlackRock Inc. purchased a new position in A10 Networks during the 2nd quarter valued at about $506,919,000. Walleye Capital LLC bought a new position in shares of A10 Networks during the first quarter valued at approximately $115,600,000. California State Teachers Retirement System increased its holdings in A10 Networks by 3,036.2% during the second quarter. California State Teachers Retirement System now owns 2,868,052 shares of the communications equipment provider’s stock valued at $107,150,000 after buying an additional 2,776,601 shares during the period. Punch & Associates Investment Management Inc. bought a new position in A10 Networks in the second quarter worth approximately $44,412,000. Finally, Boston Partners purchased a new stake in A10 Networks during the fourth quarter worth $14,795,000. 98.61% of the stock is owned by institutional investors.

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.