Horizon Investments LLC Buys Shares of 35,100 A10 Networks, Inc. $ATEN

Horizon Investments LLC bought a new stake in A10 Networks, Inc. (NYSE:ATEN) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 35,100 shares of the communications equipment provider’s stock, valued at approximately $621,000.

A number of other large investors also recently bought and sold shares of ATEN. Jones Financial Companies Lllp lifted its position in A10 Networks by 271.4% in the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 1,140 shares during the last quarter. Farther Finance Advisors LLC lifted its position in A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,083 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in A10 Networks in the third quarter valued at about $49,000. CWM LLC lifted its position in A10 Networks by 38.1% in the third quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 1,005 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in A10 Networks by 42.0% in the fourth quarter. GAMMA Investing LLC now owns 4,411 shares of the communications equipment provider’s stock valued at $78,000 after buying an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ATEN shares. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Saturday. Mizuho upped their target price on shares of A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. BWS Financial upped their target price on shares of A10 Networks from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Loop Capital set a $25.00 target price on shares of A10 Networks in a research report on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.86.

Insider Activity at A10 Networks

In related news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 68,806 shares of the company’s stock, valued at $1,872,211.26. This trade represents 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 through this hyperlink. Also, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were 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 in the company, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 91,365 shares of company stock worth $2,046,706. 1.21% of the stock is owned by corporate insiders.

A10 Networks Trading Up 1.9%

NYSE ATEN opened at $27.80 on Friday. The firm has a 50 day simple moving average of $23.62 and a 200-day simple moving average of $19.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $28.59. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 44.83 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.62 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.A10 Networks’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. 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 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is 38.71%.

About A10 Networks

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.