Ceredex Value Advisors LLC Makes New $14.49 Million Investment in A10 Networks, Inc. $ATEN

Ceredex Value Advisors LLC acquired a new position in A10 Networks, Inc. (NYSE:ATEN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 387,750 shares of the communications equipment provider’s stock, valued at approximately $14,486,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of A10 Networks by 24.2% during the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after buying an additional 421 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of A10 Networks by 14.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after buying an additional 488 shares during the last quarter. SBI Securities Co. Ltd. raised its position in A10 Networks by 83.5% during the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 531 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of A10 Networks by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider’s stock valued at $269,000 after buying an additional 603 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of A10 Networks by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock worth $705,000 after acquiring an additional 737 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATEN has been the subject of several analyst reports. Mizuho increased their target price on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BWS Financial reaffirmed a “buy” rating and set a $45.00 target price on shares of A10 Networks in a research note on Friday, August 14th. Finally, Piper Sandler set a $45.00 price target on A10 Networks in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, A10 Networks has an average rating of “Hold” and a consensus price target of $31.29.

Insider Activity

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

A10 Networks Price Performance

ATEN stock opened at $25.58 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of 42.63 and a beta of 1.16. The stock’s fifty day moving average price is $32.80 and its 200-day moving average price is $27.43. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49.

A10 Networks (NYSE:ATEN) last issued 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 firm had revenue of $80.14 million for the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, analysts expect that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Announces Dividend

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

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.