Peregrine Capital Management LLC Lowers Holdings in A10 Networks, Inc. $ATEN

Peregrine Capital Management LLC reduced its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 8.8% in the 1st quarter, Holdings Channel reports. The fund owned 219,619 shares of the communications equipment provider’s stock after selling 21,194 shares during the period. Peregrine Capital Management LLC’s holdings in A10 Networks were worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks during the fourth quarter worth $26,000. Farther Finance Advisors LLC grew its position 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 during the period. Parkside Financial Bank & Trust increased its stake in shares of A10 Networks by 4,621.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 2,357 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in A10 Networks in the 4th quarter worth about $77,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $38.09 on Thursday. The firm has a 50-day simple moving average of $30.42 and a 200-day simple moving average of $23.75. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 61.44 and a beta of 1.20. 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, Inc. has a 52 week low of $16.52 and a 52 week high of $38.39.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.61 million. During the same period in the previous year, the business posted $0.20 earnings per share. A10 Networks’s quarterly 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. On average, equities analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $0.06 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.6%. A10 Networks’s dividend payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several analysts have commented on ATEN shares. BWS Financial raised their price objective on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Sidoti reaffirmed a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Monday, April 20th. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday. BTIG Research boosted their price objective on A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, DNB Markets set a $9.00 target price on A10 Networks in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.71.

Insider Activity at A10 Networks

In related news, Director Eric Singer sold 24,698 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of the sale, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.21% of the company’s stock.

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.