Summit Global Investments lifted its position in A10 Networks, Inc. (NYSE:ATEN – Free Report) by 145.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,464 shares of the communications equipment provider’s stock after acquiring an additional 31,047 shares during the period. Summit Global Investments owned approximately 0.07% of A10 Networks worth $1,422,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ATEN. BlackRock Inc. acquired a new position in A10 Networks during the second quarter valued at approximately $506,919,000. Walleye Capital LLC acquired a new stake in A10 Networks in the first quarter worth $115,600,000. Boston Trust Walden Corp raised its holdings in A10 Networks by 11.2% in the second quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider’s stock worth $90,292,000 after purchasing an additional 243,547 shares during the period. Punch & Associates Investment Management Inc. bought a new position in shares of A10 Networks during the second quarter worth $44,412,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of A10 Networks by 36.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock worth $34,614,000 after purchasing an additional 401,857 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.
A10 Networks Stock Performance
Shares of ATEN stock opened at $24.47 on Monday. The company has a market capitalization of $1.78 billion, a P/E ratio of 40.78 and a beta of 1.13. The company’s 50 day moving average price is $26.12 and its two-hundred day moving average price is $26.43. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $38.49.
A10 Networks (NYSE:ATEN – Get Free Report) last released 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. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The company 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 company earned $0.21 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Analysts forecast that A10 Networks, Inc. will post 0.81 earnings per share for the current year.
A10 Networks Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 17th. A10 Networks’s payout ratio is currently 40.00%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Weiss Ratings downgraded A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Mizuho reduced their target price on A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a research note on Monday, August 31st. They issued a “hold” rating and a $28.00 target price for the company. Finally, BTIG Research reissued a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.38.
Read Our Latest Stock Analysis on A10 Networks
Insiders Place Their Bets
In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their position. The transaction 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. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction dated 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 in the company, valued at $1,472,540.85. This 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 is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.
The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.
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