Globeflex Capital L P purchased a new position in A10 Networks, Inc. (NYSE:ATEN – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,303 shares of the communications equipment provider’s stock, valued at approximately $2,440,000.
Several other hedge funds have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of A10 Networks in the 4th quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in A10 Networks during the 2nd quarter worth approximately $27,000. Farther Finance Advisors LLC grew its position in A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in A10 Networks by 4,621.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in A10 Networks by 2,829.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.
A10 Networks Price Performance
ATEN stock opened at $25.96 on Monday. The company has a market capitalization of $1.88 billion, a P/E ratio of 43.27 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 firm’s fifty day simple moving average is $32.68 and its 200-day simple moving average is $27.49.
A10 Networks Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ATEN. Mizuho lifted their price objective on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. BWS Financial restated a “buy” rating and issued a $45.00 target price on shares of A10 Networks in a research note on Friday, August 14th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Piper Sandler set a $45.00 price objective on A10 Networks in a report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.29.
Read Our Latest Analysis on ATEN
Insider Buying and Selling at A10 Networks
In other news, General Counsel Robert Scott Weber sold 14,086 shares of the business’s 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 completion of the transaction, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.21% of the company’s stock.
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.
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