75,500 Shares in A10 Networks, Inc. $ATEN Purchased by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board purchased 75,500 A10 Networks shares worth approximately $2.82 million, giving it about a 0.10% stake. Institutional investors collectively own 98.61% of the company.
• A10 Networks reported quarterly revenue of $80.14 million and earnings of $0.25 per share, both slightly ahead of analyst expectations; revenue increased 15.5% year over year. The company issued full-year 2026 EPS guidance of $0.650–$0.661.
• Analysts maintain a consensus “Hold” rating with an average price target of $31.29, while A10 declared a quarterly dividend of $0.06 per share, representing a 0.9% annualized yield.

Canada Pension Plan Investment Board purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 75,500 shares of the communications equipment provider's stock, valued at approximately $2,821,000. Canada Pension Plan Investment Board owned about 0.10% of A10 Networks as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of A10 Networks by 131.3% during the 1st quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider's stock worth $3,482,000 after acquiring an additional 120,966 shares during the period. Goldman Sachs Group Inc. raised its stake in A10 Networks by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider's stock valued at $13,648,000 after acquiring an additional 51,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in A10 Networks by 5.9% in the 1st 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 valued at $3,311,000 after acquiring an additional 11,268 shares during the period. Jane Street Group LLC lifted its holdings in A10 Networks by 120.0% during the 1st quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider's stock valued at $2,835,000 after purchasing an additional 94,641 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in A10 Networks by 81.7% during the 1st quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider's stock valued at $1,209,000 after purchasing an additional 33,262 shares during the last quarter. Institutional investors own 98.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a report on Tuesday, June 16th. Zacks Research cut shares of A10 Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. BWS Financial reaffirmed a "buy" rating and set a $45.00 target price on shares of A10 Networks in a report on Friday, August 14th. 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. Finally, Weiss Ratings raised shares of A10 Networks from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.29.

Insider Transactions at A10 Networks

In other A10 Networks news, Director Dana Elizabeth Wolf sold 2,652 shares of the stock in a transaction that occurred on 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 owned 57,409 shares in the company, valued at $1,472,540.85. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Scott Weber sold 14,086 shares of the stock in a transaction that occurred on 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 approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by company insiders.

A10 Networks Price Performance

ATEN opened at $25.77 on Monday. The business has a fifty day simple moving average of $31.97 and a 200 day simple moving average of $27.73. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The company has a market capitalization of $1.87 billion, a PE ratio of 42.95 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The firm had revenue of $80.14 million for the quarter, compared to analysts' expectations of $77.28 million. During the same quarter last year, the business earned $0.21 EPS. The company's quarterly 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. Equities analysts anticipate that A10 Networks, Inc. will post 0.81 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.06 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks's dividend payout ratio is 40.00%.

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.

Want to see what other hedge funds are holding ATEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A10 Networks, Inc. (NYSE:ATEN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.