Rice Hall James & Associates LLC Takes Position in A10 Networks, Inc. $ATEN

Rice Hall James & Associates LLC purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 245,117 shares of the communications equipment provider’s stock, valued at approximately $9,158,000. Rice Hall James & Associates LLC owned about 0.34% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Walleye Capital LLC acquired a new stake in A10 Networks during the first quarter valued at approximately $115,600,000. Boston Partners acquired a new position in shares of A10 Networks in the 4th quarter worth approximately $14,795,000. Wellington Management Group LLP increased its holdings in shares of A10 Networks by 40.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after acquiring an additional 588,922 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of A10 Networks in the 1st quarter valued at approximately $13,058,000. Finally, Defiance ETFs LLC acquired a new stake in shares of A10 Networks during the 4th quarter valued at approximately $10,047,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at A10 Networks

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 stock was 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 of the company’s stock, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Price Performance

ATEN opened at $27.25 on Tuesday. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The stock’s 50 day moving average price is $33.15 and its 200 day moving average price is $27.26. The stock has a market cap of $1.98 billion, a P/E ratio of 45.42 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million during the quarter, compared to the consensus estimate of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities analysts anticipate that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.06 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is 40.00%.

Analysts Set New Price Targets

ATEN has been the topic of several research analyst reports. Sidoti restated a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Piper Sandler set a $45.00 price target on shares of A10 Networks in a research report on Tuesday, June 16th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.29.

A10 Networks Company 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.