21,417 Shares in A10 Networks, Inc. $ATEN Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 21,417 shares of the communications equipment provider’s stock, valued at approximately $800,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp grew its stake in shares of A10 Networks by 11.2% during the second quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider’s stock worth $90,292,000 after buying an additional 243,547 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of A10 Networks in the 2nd quarter valued at $634,000. Vest Financial LLC acquired a new stake in shares of A10 Networks during the 2nd quarter valued at $2,491,000. Nilsine Partners LLC grew its position in A10 Networks by 1.5% during the 2nd quarter. Nilsine Partners LLC now owns 56,679 shares of the communications equipment provider’s stock worth $2,118,000 after acquiring an additional 815 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in A10 Networks by 24.2% in the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock worth $81,000 after purchasing an additional 421 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the sale, the general counsel owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.

A10 Networks Trading Up 1.5%

Shares of ATEN opened at $27.40 on Friday. The company has a market capitalization of $1.99 billion, a PE ratio of 45.67 and a beta of 1.16. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The stock’s 50-day moving average price is $33.22 and its two-hundred day moving average price is $27.13.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The company had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s quarterly revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities research analysts predict that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on ATEN. BTIG Research reiterated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Mizuho lifted their target price on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Sidoti reissued a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.29.

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.