Hillsdale Investment Management Inc. Has $2.36 Million Stock Position in A10 Networks, Inc. $ATEN

Hillsdale Investment Management Inc. lowered its holdings in A10 Networks, Inc. (NYSE:ATEN) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 133,461 shares of the communications equipment provider’s stock after selling 39,239 shares during the period. Hillsdale Investment Management Inc.’s holdings in A10 Networks were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in A10 Networks by 271.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 1,140 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,083 shares during the last quarter. Clearstead Advisors LLC grew its holdings in A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 2,405 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in A10 Networks in the 3rd quarter valued at approximately $49,000. Finally, Leonteq Securities AG acquired a new stake in A10 Networks in the 4th quarter valued at approximately $77,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Price Performance

A10 Networks stock opened at $30.15 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. The company has a market capitalization of $2.17 billion, a PE ratio of 48.62 and a beta of 1.20. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $30.42. The business has a 50 day simple moving average of $26.21 and a 200 day simple moving average of $21.17.

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

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.06 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.8%. A10 Networks’s payout ratio is presently 38.71%.

Insider Transactions at A10 Networks

In other A10 Networks news, Director Eric Singer sold 24,698 shares of A10 Networks 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 approximately $1,872,211.26. The trade was a 26.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ATEN. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. BWS Financial lifted their price objective on A10 Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sidoti reissued a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a report on Monday, April 20th. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Mizuho lifted their price objective on A10 Networks from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.86.

A10 Networks 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.