Royce & Associates LP Buys 32,582 Shares of A10 Networks, Inc. $ATEN

Royce & Associates LP boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727,410 shares of the communications equipment provider’s stock after purchasing an additional 32,582 shares during the quarter. Royce & Associates LP owned about 1.01% of A10 Networks worth $12,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in A10 Networks by 271.4% during the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 1,140 shares in the last quarter. Farther Finance Advisors LLC raised its stake in A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after buying an additional 1,083 shares during the last quarter. Clearstead Advisors LLC raised its stake in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 2,405 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in A10 Networks in the third quarter valued at about $49,000. Finally, Leonteq Securities AG purchased a new stake in A10 Networks in the fourth quarter valued at about $77,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Down 1.4%

A10 Networks stock opened at $29.15 on Thursday. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $30.05. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 47.02 and a beta of 1.17. The stock has a 50-day moving average price of $25.87 and a 200 day moving average price of $20.99.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The firm had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.06 per share. 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 38.71%.

Insider Activity at A10 Networks

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATEN. BWS Financial increased their price target on A10 Networks from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Sidoti reiterated a “neutral” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Monday, April 20th. Mizuho increased their price target on A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, BTIG Research increased their price target on A10 Networks from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, A10 Networks presently has an average rating of “Moderate Buy” and an average target price of $23.86.

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.