178,808 Shares in A10 Networks, Inc. $ATEN Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in A10 Networks, Inc. (NYSE:ATEN) in the second quarter, HoldingsChannel reports. The fund bought 178,808 shares of the communications equipment provider’s stock, valued at approximately $6,680,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of A10 Networks in the second quarter worth approximately $27,000. SBI Securities Co. Ltd. lifted 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 during the period. Aster Capital Management DIFC Ltd bought a new position in A10 Networks during the fourth quarter valued at approximately $26,000. State of Wyoming purchased a new stake in A10 Networks in the second quarter worth approximately $57,000. Finally, Signaturefd LLC boosted its holdings in A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock worth $81,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

Insider Buying and Selling at A10 Networks

In related news, Director Dana Elizabeth Wolf sold 2,652 shares of A10 Networks stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director directly owned 57,409 shares in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This represents a 21.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Trading Up 3.1%

Shares of NYSE ATEN opened at $25.90 on Thursday. The firm has a 50 day moving average of $32.24 and a 200 day moving average of $27.65. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 43.17 and a beta of 1.16. A10 Networks, Inc. has a 12-month low of $16.52 and a 12-month high of $38.49.

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

A10 Networks Dividend Announcement

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 paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 17th. A10 Networks’s dividend payout ratio is 40.00%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ATEN. BWS Financial reiterated a “buy” rating and set a $45.00 target price on shares of A10 Networks in a research note on Friday, August 14th. BTIG Research restated a “buy” rating and issued a $37.00 price target on shares of A10 Networks in a research note on Thursday, August 6th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.29.

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.