UBS Group AG Sells 175,957 Shares of A10 Networks, Inc. $ATEN

UBS Group AG lowered its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 430,199 shares of the communications equipment provider’s stock after selling 175,957 shares during the period. UBS Group AG’s holdings in A10 Networks were worth $7,610,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of A10 Networks by 131.3% in the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after acquiring an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after acquiring an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in A10 Networks by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after purchasing an additional 11,268 shares during the period. Jane Street Group LLC grew its holdings in A10 Networks by 120.0% in the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock worth $2,835,000 after purchasing an additional 94,641 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after purchasing an additional 33,262 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Insider Buying and Selling at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the transaction, the director owned 68,806 shares in the company, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Loop Capital set a $25.00 price target on A10 Networks in a research report on Monday, March 9th. Zacks Research raised A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Mizuho lifted their price objective on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Sidoti reissued a “neutral” rating and issued a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Finally, Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, A10 Networks currently has an average rating of “Moderate Buy” and a consensus price target of $23.86.

A10 Networks Trading Up 0.5%

Shares of NYSE ATEN opened at $28.09 on Tuesday. The firm’s 50 day moving average price is $24.73 and its 200-day moving average price is $20.44. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $28.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The company has a market cap of $2.02 billion, a PE ratio of 45.30 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The company had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities research analysts expect that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 15th. 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 38.71%.

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.