Rice Hall James & Associates LLC Boosts Stock Holdings in A10 Networks, Inc. $ATEN

Rice Hall James & Associates LLC lifted its position in A10 Networks, Inc. (NYSE:ATEN) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,824 shares of the communications equipment provider’s stock after purchasing an additional 20,312 shares during the period. Rice Hall James & Associates LLC owned about 0.47% of A10 Networks worth $7,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ATEN. Walleye Capital LLC purchased a new stake in shares of A10 Networks during the first quarter worth $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in A10 Networks by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after buying an additional 35,381 shares during the period. First Trust Advisors LP boosted its stake in A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock worth $43,576,000 after buying an additional 429,066 shares during the period. Wellington Management Group LLP increased its position in shares of A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after acquiring an additional 588,922 shares during the last quarter. Finally, Barclays PLC raised its position in A10 Networks by 34.9% in the fourth 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. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

ATEN stock opened at $34.26 on Friday. The business has a 50 day moving average price of $33.44 and a 200 day moving average price of $25.89. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 55.25 and a beta of 1.14. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $38.49. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 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 company 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 firm posted $0.20 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts anticipate that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

Insider Buying and Selling

In related news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale 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 corporate insiders.

Analyst Ratings Changes

ATEN has been the topic of a number of recent research reports. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. BTIG Research increased their price target on A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Sidoti reissued a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research report on Monday, April 20th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Mizuho boosted their price target on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.29.

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.