Hsbc Holdings PLC Makes New Investment in A10 Networks, Inc. $ATEN

Hsbc Holdings PLC bought a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, HoldingsChannel reports. The fund bought 94,437 shares of the communications equipment provider’s stock, valued at approximately $3,531,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of A10 Networks in the 2nd quarter worth about $27,000. SBI Securities Co. Ltd. grew its position in shares of A10 Networks by 83.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 531 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of A10 Networks during the 4th quarter valued at about $26,000. State of Wyoming acquired a new stake in A10 Networks during the second quarter worth about $57,000. Finally, Signaturefd LLC lifted its holdings in A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock worth $81,000 after acquiring an additional 421 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $392,435.96. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 57,409 shares in the company, valued at $1,472,540.85. This represents a 4.42% 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. Corporate insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. BWS Financial restated a “buy” rating and issued a $45.00 target price on shares of A10 Networks in a research note on Friday, August 14th. BTIG Research reissued a “buy” rating and issued a $37.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Mizuho boosted their price objective on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.29.

A10 Networks Price Performance

ATEN opened at $25.77 on Friday. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The stock has a market cap of $1.87 billion, a P/E ratio of 42.95 and a beta of 1.16. The stock’s 50 day moving average price is $31.97 and its 200 day moving average price is $27.69.

A10 Networks (NYSE:ATEN) last announced its 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 firm had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter 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 analysts anticipate that A10 Networks, Inc. will post 0.81 EPS 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 issued a $0.06 dividend. The ex-dividend date of this dividend 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%.

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.