A10 Networks, Inc. $ATEN Stock: Boston Trust Walden Corp Grows Stake

Boston Trust Walden Corp raised its stake in A10 Networks, Inc. (NYSE:ATEN) by 24.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,018,750 shares of the communications equipment provider’s stock after buying an additional 601,942 shares during the quarter. Boston Trust Walden Corp owned 4.16% of A10 Networks worth $81,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of A10 Networks during the 2nd quarter worth about $506,919,000. Walleye Capital LLC acquired a new stake in shares of A10 Networks in the 1st quarter valued at approximately $115,600,000. Arrowstreet Capital Limited Partnership raised its position in shares of A10 Networks by 36.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock valued at $34,614,000 after acquiring an additional 401,857 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in A10 Networks by 1.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,459,910 shares of the communications equipment provider’s stock worth $33,753,000 after acquiring an additional 24,284 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in A10 Networks by 9,899.3% during the 1st quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider’s stock worth $12,403,000 after acquiring an additional 531,096 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of ATEN opened at $23.87 on Thursday. The stock has a 50 day simple moving average of $26.03 and a 200 day simple moving average of $26.53. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49. The firm has a market capitalization of $1.73 billion, a PE ratio of 39.78 and a beta of 0.99.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $80.14 million for 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%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities research analysts predict that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of A10 Networks in a report on Monday, August 31st. They set a “hold” rating and a $28.00 price objective for the company. Weiss Ratings lowered shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. Mizuho reduced their price target on shares of A10 Networks from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Finally, BTIG Research restated a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.38.

Insiders Place Their Bets

In related news, Director Dana Wolf sold 2,652 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 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 directly owned 50,586 shares in the company, valued at $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

About A10 Networks

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.