Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 178,808 shares of the communications equipment provider's stock, valued at approximately $6,680,000. Connor Clark & Lunn Investment Management Ltd. owned 0.25% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC raised its holdings in A10 Networks by 84.3% in the fourth quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider's stock worth $2,724,000 after purchasing an additional 70,357 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of A10 Networks in the 2nd quarter worth about $506,919,000. AlphaQuest LLC increased its stake in shares of A10 Networks by 967.4% in the 4th quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider's stock worth $2,878,000 after acquiring an additional 147,444 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of A10 Networks in the 2nd quarter worth about $9,158,000. Finally, Royal Bank of Canada lifted its position in A10 Networks by 9,899.3% during the 1st quarter. Royal Bank of Canada now owns 536,461 shares of the communications equipment provider's stock valued at $12,403,000 after acquiring an additional 531,096 shares during the period. Institutional investors own 98.61% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ATEN. BTIG Research restated a "buy" rating and issued a $37.00 price objective on shares of A10 Networks in a report on Thursday, August 6th. Weiss Ratings upgraded shares of A10 Networks from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Zacks Research cut A10 Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, BWS Financial restated a "buy" rating and issued a $45.00 price target on shares of A10 Networks in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, A10 Networks has a consensus rating of "Hold" and an average target price of $31.29.
Check Out Our Latest Stock Analysis on A10 Networks
Insider Buying and Selling
In related news, Director Dana Elizabeth Wolf sold 2,652 shares of the firm'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 transaction 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. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares of the company's stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company's stock.
A10 Networks Price Performance
Shares of A10 Networks stock opened at $25.90 on Thursday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 43.17 and a beta of 1.16. The firm's 50-day moving average is $32.24 and its 200 day moving average is $27.65. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49.
A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. A10 Networks's revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities analysts expect that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.
A10 Networks Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. A10 Networks's dividend payout ratio is presently 40.00%.
A10 Networks Company Profile
(
Free Report)
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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