A10 Networks, Inc. $ATEN Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,670 shares of the communications equipment provider's stock after acquiring an additional 41,197 shares during the period. Bank of America Corp DE owned approximately 0.29% of A10 Networks worth $4,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATEN. Walleye Capital LLC acquired a new position in shares of A10 Networks in the 1st quarter valued at about $115,600,000. Boston Partners acquired a new stake in A10 Networks during the 4th quarter worth approximately $14,795,000. Wellington Management Group LLP raised its holdings in A10 Networks by 40.2% in the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider's stock valued at $37,284,000 after buying an additional 588,922 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in A10 Networks during the 1st quarter worth $13,058,000. Finally, Defiance ETFs LLC acquired a new stake in A10 Networks in the 4th quarter valued at $10,047,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 4.7%

Shares of A10 Networks stock opened at $25.77 on Friday. The business has a 50-day moving average price of $31.97 and a 200 day moving average price of $27.69. A10 Networks, Inc. has a fifty-two week low of $16.52 and a fifty-two week high of $38.49. The firm has a market cap of $1.87 billion, a P/E ratio of 42.95 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.A10 Networks's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Announces Dividend

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

Insider Activity at A10 Networks

In other A10 Networks news, Director Dana Elizabeth Wolf sold 2,652 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total value of $68,023.80. Following the sale, the director directly owned 57,409 shares of the company's stock, valued at $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Scott Weber sold 14,086 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the transaction, the general counsel directly owned 50,586 shares of the company's stock, valued at $1,409,325.96. The trade was 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

A number of research analysts have commented on ATEN shares. Mizuho boosted their price objective on A10 Networks from $30.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded A10 Networks from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Piper Sandler set a $45.00 target price on A10 Networks in a report on Tuesday, June 16th. Zacks Research cut A10 Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, A10 Networks has an average rating of "Hold" and an average price target of $31.29.

A10 Networks Company 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.

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