Quantinno Capital Management LP Boosts Stake in A10 Networks, Inc. $ATEN

Quantinno Capital Management LP lifted its position in A10 Networks, Inc. (NYSE:ATEN) by 151.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,029 shares of the communications equipment provider’s stock after purchasing an additional 33,136 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of A10 Networks worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ATEN. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,083 shares during the period. Parkside Financial Bank & Trust grew its position in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 2,405 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of A10 Networks in the 4th quarter valued at $77,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of ATEN opened at $27.40 on Friday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 45.67 and a beta of 1.16. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The company’s fifty day moving average is $33.22 and its two-hundred day moving average is $27.13.

A10 Networks (NYSE:ATEN) last released its earnings results 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 company had revenue of $80.14 million during the quarter, compared to analysts’ expectations 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 was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Sell-side analysts predict that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.06 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.9%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho upped their price target on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Piper Sandler set a $45.00 price objective on A10 Networks in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.29.

Insider Buying and Selling

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of A10 Networks stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.

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.