Vanguard Group Inc. Trims Stake in A10 Networks, Inc. $ATEN

Vanguard Group Inc. lowered its position in A10 Networks, Inc. (NYSE:ATEN) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,235,070 shares of the communications equipment provider’s stock after selling 92,547 shares during the period. Vanguard Group Inc. owned 0.10% of A10 Networks worth $131,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATEN. Penserra Capital Management LLC grew its stake in A10 Networks by 56.2% in the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of A10 Networks by 22.1% during the 3rd quarter. Boston Trust Walden Corp now owns 2,639,992 shares of the communications equipment provider’s stock valued at $47,916,000 after buying an additional 477,196 shares in the last quarter. First Trust Advisors LP grew its position in shares of A10 Networks by 12.4% in the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock worth $37,721,000 after buying an additional 214,778 shares during the period. Geode Capital Management LLC lifted its position in A10 Networks by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock valued at $34,516,000 after acquiring an additional 51,454 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in A10 Networks by 39.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock valued at $25,284,000 after acquiring an additional 367,901 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $20.38 on Wednesday. The stock’s fifty day moving average is $18.48 and its 200 day moving average is $17.96. A10 Networks, Inc. has a one year low of $13.81 and a one year high of $21.31. 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 cap of $1.46 billion, a P/E ratio of 35.14 and a beta of 1.22.

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

A10 Networks Dividend Announcement

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

Insiders Place Their Bets

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the sale, the chief executive officer owned 713,597 shares in the company, valued at approximately $14,664,418.35. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

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

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.