Boston Trust Walden Corp Raises Holdings in A10 Networks, Inc. $ATEN

Boston Trust Walden Corp lifted its position in A10 Networks, Inc. (NYSE:ATEN) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,416,808 shares of the communications equipment provider’s stock after purchasing an additional 243,547 shares during the quarter. Boston Trust Walden Corp owned approximately 3.36% of A10 Networks worth $90,292,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new position in A10 Networks in the first quarter valued at $115,600,000. Boston Partners acquired a new position in A10 Networks in the 4th quarter valued at about $14,795,000. Wellington Management Group LLP increased its position in A10 Networks by 40.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after acquiring an additional 588,922 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in A10 Networks during the 1st quarter valued at approximately $13,058,000. Finally, Defiance ETFs LLC purchased a new stake in A10 Networks during the 4th quarter valued at approximately $10,047,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $27.04 on Friday. The firm has a market cap of $1.96 billion, a P/E ratio of 45.07 and a beta of 1.16. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The firm’s 50 day moving average price is $33.29 and its 200 day moving average price is $27.13.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data 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 the consensus estimate of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. A10 Networks’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks’s dividend payout ratio is 40.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Mizuho boosted their target price on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Piper Sandler set a $45.00 target price on shares of A10 Networks in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, A10 Networks presently has a consensus rating of “Hold” and a consensus target price of $31.29.

Insider Transactions at A10 Networks

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the company’s 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 completion of the transaction, the general counsel directly owned 50,586 shares in the company, valued at $1,409,325.96. This represents a 21.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by corporate insiders.

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.