A10 Networks, Inc. $ATEN Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC increased its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 15.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 316,512 shares of the communications equipment provider’s stock after acquiring an additional 42,715 shares during the period. Rice Hall James & Associates LLC’s holdings in A10 Networks were worth $5,599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ATEN. Royal Bank of Canada boosted its stake in shares of A10 Networks by 131.3% during the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after acquiring an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after purchasing an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in A10 Networks by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock valued at $3,311,000 after purchasing an additional 11,268 shares during the last quarter. Jane Street Group LLC raised its stake in shares of A10 Networks by 120.0% during the 1st quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock worth $2,835,000 after buying an additional 94,641 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of A10 Networks by 81.7% in the 1st quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock worth $1,209,000 after buying an additional 33,262 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATEN has been the topic of a number of research reports. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Mizuho lifted their price objective on A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday. BTIG Research upped their target price on A10 Networks from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sidoti reiterated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.29.

Insider Buying and Selling at A10 Networks

In related news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, the director directly owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

A10 Networks Stock Performance

NYSE:ATEN opened at $32.70 on Tuesday. The firm’s 50 day moving average is $28.17 and its two-hundred day moving average is $22.31. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $33.63. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The company has a market cap of $2.35 billion, a P/E ratio of 52.75 and a beta of 1.20.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The company had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.62 million. During the same period last year, the business posted $0.20 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Analysts expect that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.7%. A10 Networks’s dividend payout ratio is presently 38.71%.

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.