Hsbc Holdings PLC Purchases Shares of 94,437 A10 Networks, Inc. $ATEN

Hsbc Holdings PLC purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 94,437 shares of the communications equipment provider’s stock, valued at approximately $3,531,000. Hsbc Holdings PLC owned about 0.13% of A10 Networks at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of A10 Networks in the 2nd quarter valued at $506,919,000. Walleye Capital LLC purchased a new stake in A10 Networks during the 1st quarter worth $115,600,000. Boston Partners acquired a new stake in A10 Networks in the 4th quarter valued at $14,795,000. Wellington Management Group LLP increased its holdings in A10 Networks by 40.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after purchasing an additional 588,922 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in A10 Networks in the first quarter valued at about $13,058,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATEN has been the subject of several analyst reports. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. BWS Financial restated a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Finally, Mizuho increased their price objective on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.29.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $25.77 on Friday. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The stock’s 50-day simple moving average is $31.97 and its 200-day simple moving average is $27.69. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 42.95 and a beta of 1.16.

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

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

Insiders Place Their Bets

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares in the company, valued at $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.

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.