Jupiter Topco LLC Makes New Investment in A10 Networks, Inc. $ATEN

Jupiter Topco LLC bought a new stake in A10 Networks, Inc. (NYSE:ATEN) in the second quarter, HoldingsChannel reports. The fund bought 32,278 shares of the communications equipment provider’s stock, valued at approximately $1,206,000.

Several other large investors also recently modified their holdings of ATEN. BlackRock Inc. bought a new position in shares of A10 Networks during the 2nd quarter valued at about $506,919,000. Walleye Capital LLC bought a new position in A10 Networks in the first quarter valued at approximately $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in A10 Networks by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after buying an additional 35,381 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of A10 Networks by 21.1% in 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 increased its position 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 acquiring an additional 243,547 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Down 0.7%

Shares of ATEN stock opened at $24.54 on Friday. The company’s fifty day simple moving average is $31.03 and its 200-day simple moving average is $27.83. The firm has a market cap of $1.78 billion, a PE ratio of 40.90 and a beta of 1.13. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49.

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

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 1.0%. A10 Networks’s dividend payout ratio is 40.00%.

Insider Buying and Selling

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of the firm’s stock in a transaction that occurred on 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 directly owned 57,409 shares in the company, valued at $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the business’s stock in a transaction that occurred 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 transaction, the general counsel directly owned 50,586 shares in the company, valued at $1,409,325.96. This trade represents a 21.78% decrease in their position. 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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ATEN shares. BTIG Research restated a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a report on Thursday, August 6th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a report on Monday, August 31st. They issued a “hold” rating and a $28.00 price target on the stock. BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research report on Friday, August 14th. Finally, Mizuho increased their price objective on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.88.

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.