Truist Financial Corp Purchases 21,867 Shares of A10 Networks, Inc. $ATEN

Truist Financial Corp increased its position in A10 Networks, Inc. (NYSE:ATEN) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,988 shares of the communications equipment provider’s stock after purchasing an additional 21,867 shares during the period. Truist Financial Corp owned approximately 0.16% of A10 Networks worth $2,034,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its stake in A10 Networks by 38.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after purchasing an additional 124,731 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in A10 Networks by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock worth $6,900,000 after purchasing an additional 60,372 shares in the last quarter. First Trust Advisors LP boosted its stake in A10 Networks by 4.4% in the 3rd quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock worth $36,922,000 after purchasing an additional 84,848 shares in the last quarter. SG Americas Securities LLC bought a new position in A10 Networks in the 3rd quarter worth about $1,112,000. Finally, Summit Global Investments bought a new position in A10 Networks in the 3rd quarter worth about $1,247,000. Institutional investors own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In other news, Director Eric Singer sold 24,698 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the transaction, the director owned 68,806 shares in the company, valued at $1,872,211.26. This represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer owned 713,597 shares in the company, valued at $14,664,418.35. This trade represents a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.21% of the stock is owned by corporate insiders.

A10 Networks Price Performance

ATEN opened at $27.78 on Thursday. 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 stock has a market capitalization of $2.00 billion, a P/E ratio of 44.81 and a beta of 1.17. The company’s 50-day simple moving average is $24.29 and its two-hundred day simple moving average is $20.23. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $28.59.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $72.62 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter 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. As a group, analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 15th. A10 Networks’s dividend payout ratio is 38.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Loop Capital set a $25.00 price target on shares of A10 Networks in a research note on Monday, March 9th. BTIG Research upped their target price on shares of A10 Networks from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

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.