Ceredex Value Advisors LLC Purchases New Stake in A10 Networks, Inc. $ATEN

Ceredex Value Advisors LLC bought a new stake in A10 Networks, Inc. (NYSE:ATEN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 387,750 shares of the communications equipment provider’s stock, valued at approximately $14,486,000. Ceredex Value Advisors LLC owned about 0.54% of A10 Networks at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ATEN. BlackRock Inc. acquired a new position in shares of A10 Networks during the 2nd quarter worth about $506,919,000. Walleye Capital LLC bought a new position in A10 Networks in the first quarter valued at $115,600,000. Boston Partners acquired a new stake in shares of A10 Networks in the fourth quarter valued at about $14,795,000. Wellington Management Group LLP increased its position in shares of A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after purchasing an additional 588,922 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in A10 Networks during the first quarter worth $13,058,000. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Price Performance

NYSE ATEN opened at $25.58 on Friday. The business has a 50 day simple moving average of $32.80 and a 200 day simple moving average of $27.43. The stock has a market capitalization of $1.86 billion, a P/E ratio of 42.63 and a beta of 1.16. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $38.49.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The company had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. During the same quarter in the previous year, the company earned $0.21 EPS. A10 Networks’s quarterly revenue was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities analysts expect that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the transaction, the general counsel directly owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ATEN shares. Mizuho lifted their target price on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BTIG Research reiterated a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a research note on Thursday, August 6th. Piper Sandler set a $45.00 price target on A10 Networks in a research note on Tuesday, June 16th. Finally, BWS Financial reiterated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.29.

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.