Hsbc Holdings PLC Buys 21,964 Shares of A10 Networks, Inc. $ATEN

Hsbc Holdings PLC increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 14.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,780 shares of the communications equipment provider’s stock after buying an additional 21,964 shares during the period. Hsbc Holdings PLC’s holdings in A10 Networks were worth $4,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATEN. The Manufacturers Life Insurance Company lifted its position in shares of A10 Networks by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after buying an additional 737 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in A10 Networks by 1.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 42,750 shares of the communications equipment provider’s stock valued at $756,000 after acquiring an additional 750 shares during the period. WINTON GROUP Ltd lifted its holdings in A10 Networks by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 71,527 shares of the communications equipment provider’s stock valued at $1,265,000 after purchasing an additional 761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in A10 Networks by 0.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 137,148 shares of the communications equipment provider’s stock valued at $2,426,000 after purchasing an additional 861 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in A10 Networks by 2.7% during the fourth quarter. Engineers Gate Manager LP now owns 39,850 shares of the communications equipment provider’s stock worth $705,000 after purchasing an additional 1,060 shares during the period. 98.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on ATEN. BTIG Research increased their price target on shares of A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research downgraded A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. BWS Financial increased their target price on A10 Networks from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Mizuho lifted their price target on A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, A10 Networks presently has an average rating of “Hold” and a consensus target price of $31.29.

A10 Networks Stock Performance

NYSE:ATEN opened at $34.26 on Friday. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. 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 stock’s 50-day simple moving average is $33.44 and its 200 day simple moving average is $25.89. The firm has a market capitalization of $2.47 billion, a PE ratio of 55.25 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.61 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, analysts anticipate that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s dividend payout ratio is currently 38.71%.

Insiders Place Their Bets

In related news, Director Eric Singer sold 24,698 shares of A10 Networks 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 transaction, the director owned 68,806 shares of the company’s stock, valued at $1,872,211.26. This trade represents a 26.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.21% of the company’s stock.

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.