Royce & Associates LP Decreases Holdings in A10 Networks, Inc. $ATEN

Royce & Associates LP decreased its stake in A10 Networks, Inc. (NYSE:ATEN) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 694,828 shares of the communications equipment provider’s stock after selling 27,341 shares during the period. Royce & Associates LP’s holdings in A10 Networks were worth $12,611,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of A10 Networks by 131.3% during the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after purchasing an additional 120,966 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock valued at $13,648,000 after purchasing an additional 51,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in A10 Networks by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after buying an additional 11,268 shares during the last quarter. Jane Street Group LLC raised its stake in shares of A10 Networks by 120.0% in the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after buying an additional 94,641 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of A10 Networks by 81.7% in the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after buying an additional 33,262 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Trading Up 3.1%

Shares of A10 Networks stock opened at $19.86 on Tuesday. The company’s 50-day moving average price is $18.43 and its 200-day moving average price is $17.94. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. A10 Networks, Inc. has a 12-month low of $13.81 and a 12-month high of $21.31. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 34.24 and a beta of 1.22.

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

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, February 13th. A10 Networks’s payout ratio is presently 41.38%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ATEN. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday. Mizuho increased their target price on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. BTIG Research reissued a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a research report on Friday, February 20th. Finally, BWS Financial upped their price target on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the transaction, the chief executive officer directly owned 713,597 shares in the company, valued at $14,664,418.35. This represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by insiders.

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.