Barclays PLC Acquires 695,150 Shares of A10 Networks, Inc. $ATEN

Key Points

• Barclays PLC increased its stake in A10 Networks by 103.7% in Q3, buying 695,150 shares to own 1,365,259 shares (about 1.90% of the company) valued at roughly $24.78 million.
• A10 Networks has a market cap of $1.5 billion and a P/E of 36.1; it reported Q quarterly EPS of $0.26 (in line with estimates) with revenue up 8.3% year-over-year and set FY2026 guidance of $0.64–$0.65 EPS, while analysts’ average price target is $21.29 with a "Moderate Buy" consensus.
• The company pays a quarterly dividend of $0.06 ($0.24 annually, ~1.1% yield, 41.4% payout ratio), and CEO Dhrupad Trivedi recently sold 33,334 shares (a 4.46% reduction); institutional investors own about 98.6% of the stock.

Barclays PLC grew its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 103.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,365,259 shares of the communications equipment provider's stock after purchasing an additional 695,150 shares during the period. Barclays PLC owned about 1.90% of A10 Networks worth $24,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in A10 Networks by 12.4% during the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider's stock worth $37,721,000 after acquiring an additional 214,778 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of A10 Networks in the second quarter worth $1,266,000. Arrowstreet Capital Limited Partnership grew its stake in shares of A10 Networks by 39.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider's stock worth $25,284,000 after purchasing an additional 367,901 shares during the last quarter. SG Americas Securities LLC acquired a new stake in A10 Networks in the third quarter valued at $1,112,000. Finally, Geode Capital Management LLC increased its holdings in A10 Networks by 3.0% in the second quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider's stock valued at $34,516,000 after purchasing an additional 51,454 shares during the period. 98.61% of the stock is owned by institutional investors.

A10 Networks Trading Up 1.6%

NYSE:ATEN opened at $20.94 on Thursday. A10 Networks, Inc. has a 52 week low of $13.81 and a 52 week high of $21.31. The firm has a 50-day moving average price of $18.80 and a two-hundred day moving average price of $18.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 36.10 and a beta of 1.22.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. During the same period in the prior year, the company posted $0.24 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, equities analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. A10 Networks's dividend payout ratio is 41.38%.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of A10 Networks stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer owned 713,597 shares of the company's stock, valued at $14,664,418.35. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Mizuho lifted their price objective on A10 Networks from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Loop Capital set a $25.00 price target on shares of A10 Networks in a report on Monday. Weiss Ratings restated a "hold (c+)" rating on shares of A10 Networks in a research report on Wednesday, January 21st. DNB Markets set a $9.00 price objective on A10 Networks in a research report on Monday. Finally, BTIG Research reissued a "buy" rating and issued a $22.00 price objective on shares of A10 Networks in a research note on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.29.

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.