Paradigm Capital Management Inc. NY Purchases New Holdings in A10 Networks, Inc. $ATEN

Paradigm Capital Management Inc. NY acquired a new position in A10 Networks, Inc. (NYSE:ATEN) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 384,700 shares of the communications equipment provider’s stock, valued at approximately $14,372,000.

A number of other institutional investors and hedge funds have also modified their holdings of ATEN. Signaturefd LLC raised its stake in shares of A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after purchasing an additional 421 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in A10 Networks by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock worth $91,000 after buying an additional 488 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in A10 Networks by 83.5% in 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 period. GAMMA Investing LLC raised its stake in shares of A10 Networks by 9.1% in the 2nd quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider’s stock valued at $269,000 after buying an additional 603 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of A10 Networks during the 2nd quarter worth about $27,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Down 3.4%

NYSE:ATEN opened at $25.24 on Tuesday. The firm has a market cap of $1.83 billion, a PE ratio of 42.07 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 company’s 50-day moving average price is $32.53 and its two-hundred day moving average price is $27.55.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate 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%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, research analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. A10 Networks’s payout ratio is currently 40.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ATEN. BTIG Research reissued a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. BWS Financial reiterated a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a research note on Friday, August 14th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Piper Sandler set a $45.00 target price on A10 Networks in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.29.

Insider Buying and Selling

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the 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 sale, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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.