October Effect Ltd Has $1.78 Million Position in A10 Networks, Inc. $ATEN

October Effect Ltd trimmed its position in A10 Networks, Inc. (NYSE:ATEN) by 34.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 100,437 shares of the communications equipment provider’s stock after selling 53,053 shares during the period. A10 Networks makes up approximately 2.0% of October Effect Ltd’s investment portfolio, making the stock its 19th biggest holding. October Effect Ltd’s holdings in A10 Networks were worth $1,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nilsine Partners LLC increased its stake in A10 Networks by 3.6% in the fourth quarter. Nilsine Partners LLC now owns 52,393 shares of the communications equipment provider’s stock valued at $927,000 after purchasing an additional 1,819 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of A10 Networks by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 49,547 shares of the communications equipment provider’s stock worth $860,000 after purchasing an additional 4,352 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of A10 Networks by 55.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 102,919 shares of the communications equipment provider’s stock worth $1,821,000 after purchasing an additional 36,744 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of A10 Networks by 1.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,897 shares of the communications equipment provider’s stock valued at $2,139,000 after buying an additional 1,882 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of A10 Networks by 42.0% in the 4th 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 in the last quarter. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ATEN shares. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Mizuho increased their price target on A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Loop Capital set a $25.00 price target on A10 Networks in a research report on Monday, March 9th. DNB Markets set a $9.00 price objective on A10 Networks in a report on Monday, March 9th. Finally, BWS Financial boosted their price objective on A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.29.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $24.00 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. The business has a 50-day moving average of $20.50 and a 200-day moving average of $18.67. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 41.37 and a beta of 1.09. A10 Networks, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $24.22.

A10 Networks (NYSE:ATEN) last released 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 return on equity of 24.10% and a net margin of 14.50%.During the same quarter last year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, sell-side analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. A10 Networks’s dividend payout ratio is currently 41.38%.

Insider Activity at A10 Networks

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the transaction, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.