Boston Trust Walden Corp Has $50.25 Million Stake in A10 Networks, Inc. $ATEN

Boston Trust Walden Corp lowered its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,173,261 shares of the communications equipment provider’s stock after selling 267,388 shares during the quarter. Boston Trust Walden Corp’s holdings in A10 Networks were worth $50,246,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ATEN. Boston Partners bought a new position in shares of A10 Networks in the 4th quarter worth about $14,795,000. Barclays PLC grew its stake in A10 Networks by 103.7% during the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after purchasing an additional 695,150 shares during the period. Wellington Management Group LLP grew its stake in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after purchasing an additional 588,922 shares during the period. Deprince Race & Zollo Inc. bought a new stake in A10 Networks in the first quarter worth approximately $13,058,000. Finally, Defiance ETFs LLC bought a new stake in A10 Networks in the fourth quarter worth approximately $10,047,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ATEN has been the topic of a number of research analyst reports. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research note on Tuesday, June 16th. Mizuho boosted their target price on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, BWS Financial increased their target price on shares of A10 Networks from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.71.

A10 Networks Stock Down 4.4%

ATEN stock opened at $36.32 on Friday. The stock’s 50 day simple moving average is $30.59 and its 200 day simple moving average is $23.88. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $38.39. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The company has a market cap of $2.62 billion, a P/E ratio of 58.59 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The firm had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $72.61 million. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, research analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is currently 38.71%.

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.