37,489 Shares in A10 Networks, Inc. $ATEN Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in A10 Networks, Inc. (NYSE:ATEN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,489 shares of the communications equipment provider’s stock, valued at approximately $1,401,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of A10 Networks during the 2nd quarter valued at about $506,919,000. Hsbc Holdings PLC grew its position in A10 Networks by 84.3% during the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock valued at $2,724,000 after acquiring an additional 70,357 shares during the last quarter. AlphaQuest LLC raised its stake in shares of A10 Networks by 967.4% during the fourth quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock worth $2,878,000 after acquiring an additional 147,444 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of A10 Networks in the 2nd quarter worth approximately $9,158,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of A10 Networks in the 2nd quarter valued at $44,412,000. Institutional investors own 98.61% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Robert Scott Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares in the company, valued at $1,472,540.85. This represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $24.90 on Wednesday. The stock’s 50-day moving average is $31.62 and its 200 day moving average is $27.79. The company has a market cap of $1.81 billion, a PE ratio of 41.50 and a beta of 1.13. 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 analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 17th. A10 Networks’s payout ratio is presently 40.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on ATEN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a research report on Monday. They issued a “hold” rating and a $28.00 target price on the stock. Piper Sandler set a $45.00 price objective on A10 Networks in a report on Tuesday, June 16th. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Mizuho boosted their price objective on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, A10 Networks currently has an average rating of “Hold” and a consensus price target of $30.88.

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.