A10 Networks, Inc. $ATEN Shares Newly Bought by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management purchased 247,901 A10 Networks shares worth approximately $9.26 million, representing about 0.34% of the company. Institutional investors collectively own 98.61% of ATEN.
• A10 Networks exceeded quarterly expectations, reporting $0.25 in EPS versus a $0.24 estimate and $80.14 million in revenue, up 15.5% year over year. The company issued fiscal 2026 EPS guidance of $0.650–$0.661.
• The company maintains a quarterly dividend of $0.06 per share, or $0.24 annually, yielding about 0.9%. Analysts hold a consensus “Hold” rating with an average price target of $30.88, compared with a recent share price of $27.51.

Envestnet Asset Management Inc. purchased a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 247,901 shares of the communications equipment provider's stock, valued at approximately $9,262,000. Envestnet Asset Management Inc. owned approximately 0.34% of A10 Networks as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ATEN. The Manufacturers Life Insurance Company increased its position in shares of A10 Networks by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 29,959 shares of the communications equipment provider's stock worth $1,119,000 after purchasing an additional 458 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of A10 Networks in the 2nd quarter worth $204,000. Integrated Wealth Concepts LLC bought a new position in shares of A10 Networks in the 2nd quarter worth $158,000. Baird Financial Group Inc. bought a new position in shares of A10 Networks in the 2nd quarter worth $252,000. Finally, Allianz Asset Management GmbH raised its position in shares of A10 Networks by 20.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 79,525 shares of the communications equipment provider's stock valued at $2,971,000 after buying an additional 13,570 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

ATEN stock opened at $27.51 on Friday. The firm has a market cap of $2.00 billion, a P/E ratio of 45.85 and a beta of 1.13. The firm's fifty day moving average is $26.97 and its 200 day moving average is $28.66. A10 Networks, Inc. has a 52 week low of $16.52 and a 52 week high of $38.49.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results 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 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 the consensus estimate of $77.28 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, analysts forecast that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks's dividend payout ratio is currently 40.00%.

Insider Activity at A10 Networks

In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of the business's 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 completion of the sale, 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 ownership of the stock. The sale 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 that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several research reports. Piper Sandler set a $45.00 target price on shares of A10 Networks in a research report on Tuesday, June 16th. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. BTIG Research restated a "buy" rating and set a $37.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Weiss Ratings lowered A10 Networks from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, September 17th. Finally, Zacks Research cut A10 Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $30.88.

A10 Networks Profile

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company's portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.

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