Susquehanna Fundamental Investments LLC Acquires Shares of 37,489 A10 Networks, Inc. $ATEN

Susquehanna Fundamental Investments LLC bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 37,489 shares of the communications equipment provider’s stock, valued at approximately $1,401,000. Susquehanna Fundamental Investments LLC owned approximately 0.05% of A10 Networks as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATEN. BlackRock Inc. purchased a new stake in shares of A10 Networks during the second quarter valued at approximately $506,919,000. Walleye Capital LLC bought a new stake in shares of A10 Networks during the 1st quarter worth $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of A10 Networks by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock worth $48,997,000 after buying an additional 35,381 shares during the last quarter. First Trust Advisors LP grew its position in A10 Networks by 21.1% during the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after buying an additional 429,066 shares during the period. Finally, Boston Trust Walden Corp raised its position in A10 Networks by 11.2% in 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 acquiring an additional 243,547 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Robert Scott Weber sold 14,086 shares of A10 Networks stock in a transaction on Tuesday, August 11th. The stock was 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 trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the completion of the transaction, the director owned 57,409 shares in the company, valued at $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by insiders.

Analyst Ratings Changes

ATEN has been the subject of a number of research reports. Piper Sandler set a $45.00 target price on shares of A10 Networks in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft assumed coverage on A10 Networks in a research note on Monday. They issued a “hold” rating and a $28.00 target price on the stock. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.88.

A10 Networks Stock Down 1.9%

ATEN stock opened at $24.90 on Wednesday. The stock has a 50-day simple moving average of $31.62 and a two-hundred day simple moving average of $27.79. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. The firm has a market capitalization of $1.81 billion, a PE ratio of 41.50 and a beta of 1.13.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 13.85% and a return on equity of 23.63%. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts anticipate that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

A10 Networks 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.