Quantinno Capital Management LP Grows Position in A10 Networks, Inc. $ATEN

Quantinno Capital Management LP raised its holdings in A10 Networks, Inc. (NYSE:ATEN) by 151.4% in the first quarter, Holdings Channel.com reports. The fund owned 55,029 shares of the communications equipment provider’s stock after buying an additional 33,136 shares during the quarter. Quantinno Capital Management LP’s holdings in A10 Networks were worth $1,272,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ATEN. Walleye Capital LLC acquired a new position in shares of A10 Networks during the 1st quarter worth $115,600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of A10 Networks by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,699,629 shares of the communications equipment provider’s stock valued at $48,997,000 after purchasing an additional 35,381 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of A10 Networks by 21.1% in the fourth quarter. First Trust Advisors LP now owns 2,463,337 shares of the communications equipment provider’s stock valued at $43,576,000 after purchasing an additional 429,066 shares during the period. Wellington Management Group LLP lifted its stake in shares of A10 Networks by 40.2% in the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after purchasing an additional 588,922 shares during the period. Finally, Barclays PLC boosted its holdings in A10 Networks by 34.9% during the fourth quarter. Barclays PLC now owns 1,841,906 shares of the communications equipment provider’s stock worth $32,583,000 after buying an additional 476,647 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATEN has been the topic of several recent analyst reports. Sidoti restated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a research report on Monday, April 20th. BTIG Research reiterated a “buy” rating and set a $37.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Piper Sandler set a $45.00 price target on A10 Networks in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.29.

A10 Networks Stock Up 1.5%

NYSE:ATEN opened at $27.40 on Friday. The company has a market capitalization of $1.99 billion, a PE ratio of 45.67 and a beta of 1.16. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49. The stock has a fifty day simple moving average of $33.22 and a 200-day simple moving average of $27.13.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

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

Insider Activity at A10 Networks

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 of the company’s stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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.

A10 Networks Company 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.