A10 Networks, Inc. $ATEN Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in A10 Networks, Inc. (NYSE:ATEN) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 436,279 shares of the communications equipment provider’s stock after selling 15,967 shares during the period. Principal Financial Group Inc.’s holdings in A10 Networks were worth $10,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in A10 Networks during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its stake in shares of A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 1,083 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of A10 Networks by 4,621.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares during the period. Clearstead Advisors LLC raised its holdings in shares of A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of A10 Networks during the fourth quarter worth $77,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, the director directly owned 68,806 shares in the company, valued at approximately $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is owned by corporate insiders.

A10 Networks Stock Down 1.2%

ATEN opened at $34.26 on Friday. The company has a market cap of $2.47 billion, a PE ratio of 55.25 and a beta of 1.14. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. The company has a 50-day moving average price of $33.44 and a 200 day moving average price of $25.89. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $72.61 million. During the same period in the previous year, the firm posted $0.20 EPS. A10 Networks’s revenue 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. 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 company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%. A10 Networks’s payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATEN. Piper Sandler set a $45.00 target price on shares of A10 Networks in a research report on Tuesday, June 16th. Sidoti reiterated a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. BTIG Research boosted their price objective on A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Mizuho raised their target price on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.29.

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.