October Effect Ltd Sells 53,053 Shares of A10 Networks, Inc. $ATEN

October Effect Ltd trimmed its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 34.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,437 shares of the communications equipment provider’s stock after selling 53,053 shares during the period. A10 Networks accounts for approximately 2.0% of October Effect Ltd’s holdings, making the stock its 19th largest holding. October Effect Ltd owned approximately 0.14% of A10 Networks worth $1,777,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 1,140 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of A10 Networks in the third quarter valued at about $49,000. CWM LLC lifted its position in A10 Networks by 38.1% during the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 1,005 shares in the last quarter. GAMMA Investing LLC grew its holdings in A10 Networks by 42.0% during the 4th quarter. GAMMA Investing LLC now owns 4,411 shares of the communications equipment provider’s stock worth $78,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in A10 Networks by 120.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after acquiring an additional 3,225 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 0.0%

Shares of NYSE:ATEN opened at $24.00 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 41.37 and a beta of 1.09. The company has a 50 day moving average of $20.50 and a 200-day moving average of $18.67. A10 Networks, Inc. has a one year low of $13.81 and a one year high of $24.22.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. During the same period last year, the company earned $0.24 EPS. A10 Networks’s revenue for the quarter was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. A10 Networks’s dividend payout ratio is 41.38%.

Insider Activity

In related news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the sale, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ATEN shares. Mizuho boosted their target price on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. BTIG Research reissued a “buy” rating and set a $22.00 price target on shares of A10 Networks in a research note on Friday, February 20th. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research report on Monday, March 9th. BWS Financial upped their price objective on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.29.

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.