29,959 Shares in A10 Networks, Inc. $ATEN Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in A10 Networks, Inc. (NYSE:ATEN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,959 shares of the communications equipment provider’s stock, valued at approximately $1,119,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of A10 Networks by 131.3% during the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after purchasing an additional 120,966 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of A10 Networks by 6.5% in the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in A10 Networks by 5.9% during the 1st 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 period. Jane Street Group LLC boosted its position in 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 valued at $2,835,000 after purchasing an additional 94,641 shares during the period. Finally, Intech Investment Management LLC grew its stake in A10 Networks by 81.7% during 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 during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $24.54 on Friday. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $38.49. The business’s fifty day moving average price is $31.03 and its two-hundred day moving average price is $27.83. The company has a market capitalization of $1.78 billion, a P/E ratio of 40.90 and a beta of 1.13.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) 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 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 revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior 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 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 1.0%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the sale, the director directly owned 57,409 shares in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ATEN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research note on Monday. They issued a “hold” rating and a $28.00 target price on the stock. BWS Financial restated a “buy” rating and set a $45.00 price target on shares of A10 Networks in a research report on Friday, August 14th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, BTIG Research reissued a “buy” rating and set a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.88.

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.