A10 Networks, Inc. $ATEN Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in A10 Networks, Inc. (NYSE:ATEN) by 14.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,780 shares of the communications equipment provider’s stock after acquiring an additional 21,964 shares during the period. Hsbc Holdings PLC owned 0.25% of A10 Networks worth $4,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ATEN. Royal Bank of Canada lifted its stake in A10 Networks by 131.3% during the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after buying an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of A10 Networks by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after acquiring an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of A10 Networks by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after acquiring an additional 11,268 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of A10 Networks by 120.0% during the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after acquiring an additional 94,641 shares during the period. Finally, Intech Investment Management LLC raised its holdings in shares of A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after acquiring an additional 33,262 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Performance

ATEN opened at $34.26 on Friday. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is $33.44 and its two-hundred day moving average price is $25.89. The firm has a market capitalization of $2.47 billion, a P/E ratio of 55.25 and a beta of 1.14. A10 Networks, Inc. has a 12-month low of $16.52 and a 12-month high of $38.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $75.00 million for the quarter, compared to the consensus estimate of $72.61 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities analysts forecast that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BWS Financial lifted their target price on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. BTIG Research boosted their price objective on shares of A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Piper Sandler set a $45.00 price objective on shares of A10 Networks in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.29.

Insiders Place Their Bets

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.21% of the company’s stock.

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.