Summit Global Investments Takes $800,000 Position in A10 Networks, Inc. $ATEN

Summit Global Investments bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,417 shares of the communications equipment provider’s stock, valued at approximately $800,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in A10 Networks by 131.3% in the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after purchasing an additional 120,966 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after buying an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of A10 Networks by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after buying an additional 11,268 shares in the last quarter. Jane Street Group LLC boosted its position in shares of A10 Networks by 120.0% in the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after acquiring an additional 94,641 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of A10 Networks by 81.7% in the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after acquiring an additional 33,262 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Trading Up 1.5%

Shares of A10 Networks stock opened at $27.40 on Friday. The company has a market cap of $1.99 billion, a PE ratio of 45.67 and a beta of 1.16. The company has a 50 day moving average of $33.22 and a 200-day moving average of $27.13. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business had revenue of $80.14 million for the quarter, compared to analysts’ expectations of $77.28 million. During the same period last year, the firm posted $0.21 earnings per share. The firm’s quarterly 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 forecast that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.06 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Sidoti reiterated a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Monday, April 20th. BWS Financial restated a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research note on Friday. Finally, Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.29.

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the sale, the general counsel directly owned 50,586 shares in the company, valued at $1,409,325.96. This represents a 21.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

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.