Louisiana State Employees Retirement System Buys New Stake in A10 Networks, Inc. $ATEN

Louisiana State Employees Retirement System acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,700 shares of the communications equipment provider’s stock, valued at approximately $733,000.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its position in 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 valued at $3,482,000 after purchasing an additional 120,966 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 51,086 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 valued at $3,311,000 after buying an additional 11,268 shares in the last quarter. Jane Street Group LLC increased its stake in shares of 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 valued at $2,835,000 after buying an additional 94,641 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of A10 Networks by 81.7% in 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 buying an additional 33,262 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

Insider Transactions at A10 Networks

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the sale, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.21% of the company’s stock.

A10 Networks Trading Down 1.2%

Shares of ATEN traded down $0.45 during trading hours on Tuesday, reaching $35.99. The stock had a trading volume of 68,767 shares, compared to its average volume of 1,022,275. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $38.39. The firm has a 50-day moving average of $30.96 and a 200 day moving average of $24.14. The company has a market cap of $2.59 billion, a P/E ratio of 58.10 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.61 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $0.06 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.7%. A10 Networks’s payout ratio is currently 38.71%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Sidoti restated a “neutral” rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Monday, April 20th. DNB Markets set a $9.00 target price on A10 Networks in a research note on Monday, March 9th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Mizuho increased their price target on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.71.

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.