Inspire Investing LLC Acquires 23,150 Shares of A10 Networks, Inc. $ATEN

Inspire Investing LLC acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,150 shares of the communications equipment provider’s stock, valued at approximately $628,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in A10 Networks in the 2nd quarter worth about $506,919,000. Walleye Capital LLC acquired a new stake in shares of A10 Networks during the 1st quarter valued at about $115,600,000. Boston Trust Walden Corp lifted its holdings in shares of A10 Networks by 11.2% during the 2nd quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider’s stock valued at $90,292,000 after buying an additional 243,547 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of A10 Networks by 36.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock valued at $34,614,000 after buying an additional 401,857 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in shares of A10 Networks by 1.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,459,910 shares of the communications equipment provider’s stock valued at $33,753,000 after buying an additional 24,284 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Performance

ATEN opened at $24.47 on Friday. The company has a market cap of $1.78 billion, a PE ratio of 40.78 and a beta of 1.13. The stock has a 50-day moving average of $26.12 and a 200-day moving average of $26.43. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49.

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

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling

In other news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the transaction, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of research reports. BWS Financial restated a “buy” rating and issued a $45.00 price objective on shares of A10 Networks in a report on Friday, August 14th. Weiss Ratings cut shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Mizuho reduced their target price on shares of A10 Networks from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. BTIG Research restated a “buy” rating and set a $37.00 price target on shares of A10 Networks in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a research note on Monday, August 31st. They set a “hold” rating and a $28.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.38.

A10 Networks Profile

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.