Truist Financial Corp Purchases 21,867 Shares of A10 Networks, Inc. $ATEN

Truist Financial Corp boosted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,988 shares of the communications equipment provider’s stock after acquiring an additional 21,867 shares during the period. Truist Financial Corp’s holdings in A10 Networks were worth $2,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its stake in A10 Networks by 38.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after acquiring an additional 124,731 shares during the period. JPMorgan Chase & Co. raised its stake in A10 Networks by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock worth $6,900,000 after acquiring an additional 60,372 shares during the period. First Trust Advisors LP raised its stake in A10 Networks by 4.4% during the 3rd quarter. First Trust Advisors LP now owns 2,034,271 shares of the communications equipment provider’s stock worth $36,922,000 after acquiring an additional 84,848 shares during the period. SG Americas Securities LLC bought a new stake in A10 Networks during the 3rd quarter worth approximately $1,112,000. Finally, Summit Global Investments bought a new stake in A10 Networks during the 3rd quarter worth approximately $1,247,000. Institutional investors own 98.61% of the company’s stock.

Insiders Place Their Bets

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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.21% of the company’s stock.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $27.78 on Thursday. 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 firm has a fifty day moving average price of $24.29 and a 200 day moving average price of $20.23. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $28.59. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 44.81 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last issued its 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 during the quarter, compared to analyst estimates of $72.62 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. A10 Networks’s revenue for the quarter was up 13.4% 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 expect that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

A number of equities research analysts have commented on ATEN shares. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Loop Capital set a $25.00 target price on shares of A10 Networks in a research note on Monday, March 9th. BWS Financial raised their target price on shares of A10 Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho increased their price objective on shares of A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.86.

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.