Cookson Peirce & Co. Inc. Grows Holdings in A10 Networks, Inc. $ATEN

Cookson Peirce & Co. Inc. boosted its position in A10 Networks, Inc. (NYSE:ATEN) by 110.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,537 shares of the communications equipment provider’s stock after acquiring an additional 27,537 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in A10 Networks were worth $1,963,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Walleye Capital LLC acquired a new position in shares of A10 Networks in the first quarter worth about $115,600,000. Boston Partners acquired a new position in shares of A10 Networks in the 4th quarter valued at approximately $14,795,000. Wellington Management Group LLP grew its position in shares of A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after buying an additional 588,922 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of A10 Networks in the first quarter worth $13,058,000. Finally, Defiance ETFs LLC acquired a new stake in A10 Networks in the fourth quarter valued at $10,047,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a report on Tuesday, June 16th. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BWS Financial reiterated a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Sidoti restated a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.29.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was 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 in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by corporate insiders.

A10 Networks Stock Down 1.6%

Shares of NYSE ATEN opened at $27.04 on Friday. The firm’s 50-day moving average price is $33.29 and its two-hundred day moving average price is $27.13. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49. The stock has a market capitalization of $1.96 billion, a P/E ratio of 45.07 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Announces Dividend

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

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.