Principal Financial Group Inc. Trims Stake in A10 Networks, Inc. $ATEN

Principal Financial Group Inc. trimmed its position in A10 Networks, Inc. (NYSE:ATEN) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,279 shares of the communications equipment provider’s stock after selling 15,967 shares during the quarter. Principal Financial Group Inc. owned 0.61% of A10 Networks worth $10,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATEN. Boston Partners purchased a new position in shares of A10 Networks during the fourth quarter valued at $14,795,000. Wellington Management Group LLP lifted its stake in A10 Networks by 40.2% in the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after acquiring an additional 588,922 shares during the period. Deprince Race & Zollo Inc. bought a new position in A10 Networks during the 1st quarter worth about $13,058,000. Defiance ETFs LLC purchased a new position in A10 Networks during the 4th quarter valued at about $10,047,000. Finally, Barclays PLC increased its position in A10 Networks by 34.9% during the 4th quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock valued at $32,583,000 after purchasing an additional 476,647 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

ATEN opened at $34.26 on Friday. The company has a market cap of $2.47 billion, a P/E ratio of 55.25 and a beta of 1.14. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $33.44 and its 200-day moving average price is $25.89. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49.

A10 Networks (NYSE:ATEN) last released its 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 net margin of 14.90% and a return on equity of 25.00%. The company had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $72.61 million. During the same period last year, the business 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. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.

A10 Networks Announces Dividend

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

Analyst Ratings Changes

ATEN has been the subject of several research reports. Piper Sandler set a $45.00 price target on shares of A10 Networks in a research report on Tuesday, June 16th. Zacks Research lowered shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Sidoti restated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, BWS Financial lifted their price target on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.29.

Insider Buying and Selling at A10 Networks

In related news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the transaction, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. This represents a 26.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.21% of the stock is owned by company insiders.

A10 Networks 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.