601,942 A10 Networks, Inc. $ATEN Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp raised its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 24.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,018,750 shares of the communications equipment provider’s stock after acquiring an additional 601,942 shares during the quarter. Boston Trust Walden Corp’s holdings in A10 Networks were worth $81,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATEN. BlackRock Inc. acquired a new stake in shares of A10 Networks in the second quarter valued at approximately $506,919,000. Walleye Capital LLC acquired a new stake in A10 Networks in the first quarter valued at $115,600,000. Punch & Associates Investment Management Inc. bought a new position in A10 Networks during the second quarter worth about $44,412,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of A10 Networks by 36.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock worth $34,614,000 after acquiring an additional 401,857 shares during the period. Finally, Bank of America Corp DE bought a new position in A10 Networks during the second quarter worth $17,237,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dana Wolf sold 2,652 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the transaction, the director owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the sale, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BWS Financial reaffirmed a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a report on Friday, August 14th. Mizuho dropped their price target on A10 Networks from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. BTIG Research reaffirmed a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Weiss Ratings cut shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a research note on Monday, August 31st. They set a “hold” rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, A10 Networks has a consensus rating of “Hold” and a consensus price target of $30.38.

A10 Networks Price Performance

Shares of ATEN opened at $23.87 on Thursday. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $38.49. The company has a market cap of $1.73 billion, a P/E ratio of 39.78 and a beta of 0.99. The firm has a 50 day simple moving average of $26.03 and a two-hundred day simple moving average of $26.53.

A10 Networks (NYSE:ATEN) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The firm had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. On average, analysts expect that A10 Networks, Inc. will post 0.81 earnings per share for the current fiscal year.

A10 Networks Profile

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.