A10 Networks (NYSE:ATEN) Director Sells $68,023.80 in Stock

A10 Networks, Inc. (NYSE:ATEN) Director Dana Elizabeth Wolf sold 2,652 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director directly owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

A10 Networks Stock Up 4.6%

ATEN stock opened at $27.07 on Friday. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. The company has a market cap of $1.97 billion, a PE ratio of 45.11 and a beta of 1.16. The business’s 50-day simple moving average is $32.12 and its 200 day simple moving average is $27.70.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $77.28 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’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. On average, equities research analysts anticipate that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks’s payout ratio is currently 40.00%.

Hedge Funds Weigh In On A10 Networks

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in A10 Networks by 131.3% in the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after acquiring an additional 120,966 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock valued at $13,648,000 after acquiring an additional 51,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of A10 Networks by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock valued at $3,311,000 after purchasing an additional 11,268 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of A10 Networks by 120.0% in the 1st quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after purchasing an additional 94,641 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of A10 Networks by 81.7% in the 1st quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock worth $1,209,000 after purchasing an additional 33,262 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Piper Sandler set a $45.00 price target on shares of A10 Networks in a report on Tuesday, June 16th. BTIG Research restated a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a research note on Thursday, August 6th. Mizuho lifted their target price on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.