Royce & Associates LP Increases Stake in A10 Networks, Inc. $ATEN

Royce & Associates LP boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 727,410 shares of the communications equipment provider’s stock after acquiring an additional 32,582 shares during the quarter. Royce & Associates LP’s holdings in A10 Networks were worth $12,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATEN. Royal Bank of Canada raised its position in 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 acquiring an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. raised 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 valued at $13,648,000 after acquiring an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in A10 Networks by 5.9% during 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 acquiring an additional 11,268 shares in the last quarter. Jane Street Group LLC raised its position in A10 Networks by 120.0% during the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after acquiring an additional 94,641 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after acquiring an additional 33,262 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BWS Financial lifted their price target on A10 Networks from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Mizuho lifted their price target on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Loop Capital set a $25.00 price objective on A10 Networks in a research report on Monday, March 9th. Finally, Wall Street Zen upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $29.15 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. The business’s 50 day moving average price is $25.87 and its 200-day moving average price is $20.99. The firm has a market capitalization of $2.10 billion, a PE ratio of 47.02 and a beta of 1.17. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $30.05.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping 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 $72.62 million. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.8%. A10 Networks’s payout ratio is currently 38.71%.

Insider Activity

In other news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.