Teton Advisors LLC Invests $653,000 in A10 Networks, Inc. $ATEN

Teton Advisors LLC purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,000 shares of the communications equipment provider’s stock, valued at approximately $653,000. Teton Advisors LLC owned approximately 0.05% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada grew its position in A10 Networks by 131.3% during 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in A10 Networks by 6.5% in the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $3,311,000 after purchasing an additional 11,268 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of A10 Networks by 120.0% during 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 purchasing an additional 94,641 shares during the period. Finally, Intech Investment Management LLC boosted 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 during the period. 98.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Mizuho raised their price target on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. BWS Financial boosted their price target on A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Finally, BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of A10 Networks in a research note on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, A10 Networks currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Insider Activity

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer directly owned 713,597 shares in the company, valued at $14,664,418.35. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.15% of the stock is currently owned by company insiders.

A10 Networks Price Performance

ATEN opened at $20.46 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56. The stock has a market capitalization of $1.47 billion, a P/E ratio of 35.28 and a beta of 1.22. The company’s 50-day simple moving average is $18.64 and its two-hundred day simple moving average is $18.02. A10 Networks, Inc. has a 52-week low of $13.81 and a 52-week high of $21.31.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 16th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, February 13th. A10 Networks’s dividend payout ratio is presently 41.38%.

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.