Paradigm Capital Management Inc. NY Buys Shares of 384,700 A10 Networks, Inc. $ATEN

Paradigm Capital Management Inc. NY bought a new stake in A10 Networks, Inc. (NYSE:ATEN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 384,700 shares of the communications equipment provider’s stock, valued at approximately $14,372,000. Paradigm Capital Management Inc. NY owned 0.53% of A10 Networks at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ATEN. Aster Capital Management DIFC Ltd purchased a new position in A10 Networks during the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of A10 Networks during the 2nd quarter valued at $27,000. Farther Finance Advisors LLC grew its holdings in shares of A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of A10 Networks by 4,621.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares during the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 2,405 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Stock Down 3.4%

Shares of ATEN stock opened at $25.24 on Tuesday. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The company has a market cap of $1.83 billion, a PE ratio of 42.07 and a beta of 1.16. The business’s 50 day moving average is $32.53 and its two-hundred day moving average is $27.55.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million during the quarter, compared to the consensus estimate of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. A10 Networks’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 17th. A10 Networks’s payout ratio is currently 40.00%.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research lowered shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Mizuho boosted their target price on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. BTIG Research restated a “buy” rating and set a $37.00 price target on shares of A10 Networks in a research note on Thursday, August 6th. Finally, BWS Financial restated a “buy” rating and set a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.