31,047 A10 Networks, Inc. $ATEN Shares Purchased by Summit Global Investments

Summit Global Investments raised its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 145.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,464 shares of the communications equipment provider’s stock after acquiring an additional 31,047 shares during the quarter. Summit Global Investments’ holdings in A10 Networks were worth $1,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATEN. BlackRock Inc. acquired a new stake in shares of A10 Networks in the second quarter valued at approximately $506,919,000. Walleye Capital LLC acquired a new position in A10 Networks during the first quarter worth $115,600,000. Boston Trust Walden Corp boosted its holdings in A10 Networks by 11.2% during the second quarter. Boston Trust Walden Corp now owns 2,416,808 shares of the communications equipment provider’s stock worth $90,292,000 after purchasing an additional 243,547 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in A10 Networks by 36.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock valued at $34,614,000 after purchasing an additional 401,857 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in A10 Networks by 1.7% in the first 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 purchasing an additional 24,284 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director directly owned 57,409 shares in the company, valued at $1,472,540.85. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the transaction, the general counsel owned 50,586 shares in the company, valued at $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

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

A10 Networks Stock Down 0.0%

Shares of A10 Networks stock opened at $24.47 on Monday. A10 Networks, Inc. has a 12-month low of $16.52 and a 12-month high of $38.49. The stock has a market cap of $1.78 billion, a P/E ratio of 40.78 and a beta of 1.13. The business’s 50 day moving average is $26.12 and its 200-day moving average is $26.43.

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

A10 Networks Dividend Announcement

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

About A10 Networks

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.