Wellington Management Group LLP Has $73.22 Million Holdings in A10 Networks, Inc. $ATEN

Wellington Management Group LLP trimmed its stake in A10 Networks, Inc. (NYSE:ATENFree Report) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,959,853 shares of the communications equipment provider’s stock after selling 114,658 shares during the period. Wellington Management Group LLP’s holdings in A10 Networks were worth $73,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of A10 Networks in the second quarter valued at about $506,919,000. Walleye Capital LLC bought a new position in A10 Networks during the first quarter valued at about $115,600,000. Punch & Associates Investment Management Inc. bought a new position in A10 Networks during the second quarter valued at about $44,412,000. Boston Partners acquired a new position in A10 Networks in the 4th quarter valued at approximately $14,795,000. Finally, Deprince Race & Zollo Inc. acquired a new position in A10 Networks in the 1st quarter valued at approximately $13,058,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 0.6%

Shares of ATEN opened at $24.80 on Thursday. The company has a 50-day moving average price of $31.43 and a two-hundred day moving average price of $27.82. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 41.33 and a beta of 1.13. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49.

A10 Networks (NYSE:ATENGet Free Report) last released its quarterly earnings data 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 return on equity of 23.63% and a net margin of 13.85%.The company had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. During the same period in the prior year, the company posted $0.21 EPS. The company’s 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. Equities research analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio is 40.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATEN. Mizuho lifted their price objective on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. BWS Financial reiterated a “buy” rating and set a $45.00 price target on shares of A10 Networks in a research note on Friday, August 14th. Finally, Piper Sandler set a $45.00 price target on shares of A10 Networks in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, A10 Networks presently has a consensus rating of “Hold” and an average price target of $30.88.

Get Our Latest Research Report on A10 Networks

Insiders Place Their Bets

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were 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 in the company, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.

A10 Networks Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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