A10 Networks, Inc. $ATEN Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 6.4% during the first quarter, Holdings Channel reports. The institutional investor owned 336,824 shares of the communications equipment provider’s stock after purchasing an additional 20,312 shares during the quarter. Rice Hall James & Associates LLC’s holdings in A10 Networks were worth $7,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in A10 Networks in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its stake in shares of A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 2,357 shares in the last quarter. Clearstead Advisors LLC grew its stake in A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 2,405 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in A10 Networks by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock valued at $91,000 after purchasing an additional 488 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the transaction, the director owned 68,806 shares in the company, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.21% of the company’s stock.

A10 Networks Stock Performance

Shares of ATEN stock opened at $34.26 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The company’s 50-day simple moving average is $33.44 and its 200-day simple moving average is $25.89. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $38.49. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 55.25 and a beta of 1.14.

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, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities analysts anticipate that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of 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 report on Monday, June 29th. BWS Financial boosted their price target on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Sidoti restated a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.29.

A10 Networks Company 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.