Deprince Race & Zollo Inc. Invests $13.06 Million in A10 Networks, Inc. $ATEN

Deprince Race & Zollo Inc. acquired a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the first quarter, Holdings Channel reports. The institutional investor acquired 564,800 shares of the communications equipment provider’s stock, valued at approximately $13,058,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATEN. Boston Partners purchased a new stake in A10 Networks in the 4th quarter valued at about $14,795,000. Barclays PLC lifted its position in A10 Networks by 103.7% in the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock valued at $24,779,000 after buying an additional 695,150 shares during the last quarter. Wellington Management Group LLP boosted its stake in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after buying an additional 588,922 shares during the period. Defiance ETFs LLC purchased a new position in A10 Networks during the fourth quarter worth about $10,047,000. Finally, First Trust Advisors LP increased its position in shares of A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after acquiring an additional 429,066 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Price Performance

Shares of ATEN opened at $36.32 on Friday. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $38.39. The company has a market cap of $2.62 billion, a P/E ratio of 58.59 and a beta of 1.14. The firm’s 50 day moving average price is $30.59 and its 200 day moving average price is $23.88.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.61 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, research analysts forecast that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s payout ratio is presently 38.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Sidoti reissued a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Monday, April 20th. BWS Financial increased their price objective on shares of A10 Networks from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. BTIG Research lifted their target price on shares of A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Mizuho boosted their target price on A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, A10 Networks has a consensus rating of “Hold” and an average price target of $30.71.

Insider Buying and Selling

In related news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the transaction, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by insiders.

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.