Robeco Institutional Asset Management B.V. Purchases 160,452 Shares of A10 Networks, Inc. $ATEN

Robeco Institutional Asset Management B.V. grew its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 2,514.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,833 shares of the communications equipment provider’s stock after buying an additional 160,452 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.23% of A10 Networks worth $4,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in A10 Networks during the second quarter worth $506,919,000. Bank of America Corp DE purchased a new position in A10 Networks in the second quarter worth $17,237,000. Hsbc Holdings PLC grew its stake in A10 Networks by 84.3% in the 4th quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock valued at $2,724,000 after purchasing an additional 70,357 shares during the period. Punch & Associates Investment Management Inc. bought a new position in A10 Networks in the 2nd quarter valued at $44,412,000. Finally, Rice Hall James & Associates LLC bought a new position in A10 Networks in the 2nd quarter valued at $9,158,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Mizuho lowered their target price on A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a report on Monday, August 31st. They issued a “hold” rating and a $28.00 price target on the stock. BTIG Research restated a “buy” rating and set a $37.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Weiss Ratings lowered shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Finally, BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, A10 Networks has a consensus rating of “Hold” and a consensus target price of $30.38.

A10 Networks Trading Up 3.7%

NYSE:ATEN opened at $25.46 on Friday. The stock has a market capitalization of $1.85 billion, a PE ratio of 42.44 and a beta of 1.13. The firm’s 50 day moving average is $26.13 and its 200 day moving average is $29.10. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share 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 business had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. During the same period in the prior year, the company earned $0.21 earnings per share. A10 Networks’s 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. Research analysts predict that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were 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 was Monday, August 17th. A10 Networks’s dividend payout ratio is currently 40.00%.

Insiders Place Their Bets

In related news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the sale, the general counsel 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by corporate insiders.

A10 Networks Profile

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.