A10 Networks, Inc. $ATEN Position Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 55.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,919 shares of the communications equipment provider’s stock after acquiring an additional 36,744 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.14% of A10 Networks worth $1,821,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in shares of A10 Networks by 12.4% during the second quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after purchasing an additional 214,778 shares during the period. Aptus Capital Advisors LLC lifted its holdings in A10 Networks by 38.5% in the third quarter. Aptus Capital Advisors LLC now owns 448,423 shares of the communications equipment provider’s stock worth $8,139,000 after purchasing an additional 124,731 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in A10 Networks by 39.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock worth $25,284,000 after purchasing an additional 367,901 shares during the period. SG Americas Securities LLC bought a new position in A10 Networks in the 3rd quarter valued at about $1,112,000. Finally, JPMorgan Chase & Co. grew its position in A10 Networks by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 380,161 shares of the communications equipment provider’s stock valued at $6,900,000 after buying an additional 60,372 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Insider Buying and Selling at A10 Networks

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the sale, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at $14,664,418.35. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATEN. Mizuho boosted their price target on shares of A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. BWS Financial increased their price objective on shares of A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Finally, DNB Markets set a $9.00 target price on A10 Networks in a research report on Monday, March 9th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.29.

A10 Networks Stock Performance

Shares of ATEN opened at $24.09 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. The firm’s 50 day moving average is $20.24 and its 200-day moving average is $18.59. A10 Networks, Inc. has a 12-month low of $13.81 and a 12-month high of $24.22. The stock has a market capitalization of $1.73 billion, a P/E ratio of 41.54 and a beta of 1.09.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, February 13th. A10 Networks’s dividend payout ratio is 41.38%.

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.