A10 Networks, Inc. $ATEN Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in A10 Networks, Inc. (NYSE:ATEN) by 84.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,816 shares of the communications equipment provider’s stock after acquiring an additional 70,357 shares during the quarter. Hsbc Holdings PLC’s holdings in A10 Networks were worth $2,724,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of A10 Networks during the fourth quarter worth approximately $26,000. Farther Finance Advisors LLC increased its stake in A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,083 shares during the period. Parkside Financial Bank & Trust lifted its position in A10 Networks by 4,621.6% in the 4th 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 lifted its position 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 buying an additional 2,405 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of A10 Networks during the 4th quarter valued at $77,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Stock Performance

NYSE ATEN opened at $34.95 on Monday. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $35.19. The company has a 50 day moving average of $29.80 and a 200-day moving average of $23.35. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 56.37 and a beta of 1.20.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The business had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.61 million. During the same period in the prior year, the company earned $0.20 EPS. A10 Networks’s revenue for the quarter was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities analysts forecast that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. A10 Networks’s payout ratio is currently 38.71%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ATEN. BTIG Research upped their price target on shares of A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research report on Tuesday, June 16th. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Loop Capital set a $25.00 target price on shares of A10 Networks in a research report on Monday, March 9th. Finally, Mizuho lifted their price target on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.71.

Insider Buying and Selling at A10 Networks

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

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.