PDT Partners LLC Takes $4.16 Million Position in A10 Networks, Inc. $ATEN

PDT Partners LLC bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 111,226 shares of the communications equipment provider’s stock, valued at approximately $4,155,000.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in A10 Networks by 24.2% during the 2nd 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of A10 Networks by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock valued at $91,000 after purchasing an additional 488 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of A10 Networks by 83.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 531 shares during the period. GAMMA Investing LLC lifted its stake in shares of A10 Networks by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider’s stock worth $269,000 after buying an additional 603 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of A10 Networks during the 2nd quarter worth about $27,000. Institutional investors own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ATEN shares. Piper Sandler set a $45.00 price target on shares of A10 Networks in a research note on Tuesday, June 16th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Mizuho upped their target price on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Zacks Research cut A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, BWS Financial restated a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, A10 Networks presently has a consensus rating of “Hold” and an average target price of $31.29.

Insiders Place Their Bets

In other A10 Networks 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 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 represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the 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 sale, the director owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. The trade was 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. Insiders own 1.21% of the company’s stock.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $25.17 on Wednesday. The business’s 50 day simple moving average is $32.39 and its 200 day simple moving average is $27.60. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The company has a market capitalization of $1.83 billion, a P/E ratio of 41.94 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data 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. The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Announces Dividend

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