Vanguard Group Inc. Sells 92,547 Shares of A10 Networks, Inc. $ATEN

Vanguard Group Inc. lessened its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,235,070 shares of the communications equipment provider’s stock after selling 92,547 shares during the period. Vanguard Group Inc. owned approximately 10.03% of A10 Networks worth $131,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC increased its holdings in shares of A10 Networks by 56.2% in the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the period. Boston Trust Walden Corp increased its stake in A10 Networks by 22.1% in the 3rd quarter. Boston Trust Walden Corp now owns 2,639,992 shares of the communications equipment provider’s stock worth $47,916,000 after acquiring an additional 477,196 shares during the last quarter. First Trust Advisors LP increased its stake in A10 Networks by 12.4% in the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock worth $37,721,000 after acquiring an additional 214,778 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of A10 Networks by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock valued at $34,516,000 after acquiring an additional 51,454 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of A10 Networks by 39.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock worth $25,284,000 after purchasing an additional 367,901 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Stock Up 2.6%

Shares of NYSE ATEN opened at $20.38 on Wednesday. The firm’s fifty day moving average is $18.48 and its 200 day moving average is $17.96. A10 Networks, Inc. has a 52 week low of $13.81 and a 52 week high of $21.31. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 35.14 and a beta of 1.22.

A10 Networks (NYSE:ATEN) last posted its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities research analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were issued a $0.06 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.24 annualized dividend and a yield of 1.2%. A10 Networks’s payout ratio is 41.38%.

Insider Transactions at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the transaction, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATEN. Mizuho raised their target price on shares of A10 Networks from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. BWS Financial upped their target price on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. BTIG Research reissued a “buy” rating and set a $22.00 price target on shares of A10 Networks in a research note on Friday, February 20th. Finally, Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Sunday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

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.