Globeflex Capital L P Invests $2.44 Million in A10 Networks, Inc. $ATEN

Key Points

• Globeflex Capital acquired 65,303 A10 Networks shares worth approximately $2.44 million, while institutional investors collectively owned 98.61% of the company.
• A10 Networks exceeded quarterly expectations, reporting $0.25 in adjusted EPS versus $0.24 expected and $80.14 million in revenue versus $77.28 million forecast; revenue increased 15.5% year over year.
• Analysts maintain a consensus “Hold” rating with an average $31.29 price target. The company also announced a quarterly dividend of $0.06 per share, representing a 0.9% annualized yield.

Globeflex Capital L P acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 65,303 shares of the communications equipment provider's stock, valued at approximately $2,440,000. Globeflex Capital L P owned approximately 0.09% of A10 Networks at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of A10 Networks during the fourth quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of A10 Networks during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its holdings in shares of A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 1,083 shares during the period. Parkside Financial Bank & Trust grew its stake in A10 Networks by 4,621.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider's stock worth $43,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider's stock worth $44,000 after purchasing an additional 2,405 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ATEN. Mizuho lifted their target price on A10 Networks from $30.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Wall Street Zen lowered A10 Networks from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Zacks Research lowered A10 Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Piper Sandler set a $45.00 price objective on A10 Networks in a report on Tuesday, June 16th. Finally, BTIG Research reiterated a "buy" rating and set a $37.00 target price on shares of A10 Networks in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, A10 Networks has a consensus rating of "Hold" and an average target price of $31.29.

A10 Networks Trading Down 0.6%

ATEN opened at $25.96 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 43.27 and a beta of 1.16. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The stock has a fifty day moving average price of $32.68 and a 200-day moving average price of $27.49.

A10 Networks (NYSE:ATEN - Get Free Report) last issued 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 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%.The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Dividend Announcement

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

Insider Activity

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the business'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 completion of the transaction, the general counsel owned 50,586 shares in the company, valued at $1,409,325.96. The trade was a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by insiders.

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.

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