Hsbc Holdings PLC Has $3.53 Million Stake in A10 Networks, Inc. $ATEN

Key Points

• Hsbc Holdings PLC cut its A10 Networks stake by 46.3% in the second quarter, selling 81,343 shares and retaining 94,437 shares worth approximately $3.53 million. Institutional investors collectively own 98.61% of the company.
• A10 Networks reported quarterly EPS of $0.25, exceeding estimates by $0.01, while revenue rose 15.5% year over year to $80.14 million. The company also declared a quarterly dividend of $0.06 per share, representing a 1.0% yield.
• Analysts have an overall “Hold” rating on ATEN, with a consensus price target of $30.88 versus the reported share price of $24.36. Two insiders also sold shares under pre-arranged Rule 10b5-1 trading plans.

Hsbc Holdings PLC decreased its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 46.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,437 shares of the communications equipment provider's stock after selling 81,343 shares during the period. Hsbc Holdings PLC owned 0.13% of A10 Networks worth $3,531,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of A10 Networks by 24.2% in the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider's stock valued at $81,000 after acquiring an additional 421 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of A10 Networks by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider's stock worth $91,000 after purchasing an additional 488 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of A10 Networks by 83.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider's stock worth $44,000 after purchasing an additional 531 shares during the last quarter. GAMMA Investing LLC raised its stake in A10 Networks by 9.1% in the second quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider's stock valued at $269,000 after purchasing an additional 603 shares in the last quarter. Finally, Transamerica Financial Advisors LLC bought a new stake in A10 Networks during the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $24.36 on Friday. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 40.60 and a beta of 1.13. The company has a 50-day moving average of $30.02 and a 200 day moving average of $28.01.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million during the quarter, compared to analysts' expectations of $77.28 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous 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 analysts anticipate that A10 Networks, Inc. will post 0.81 EPS for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 17th. A10 Networks's dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATEN. Weiss Ratings raised shares of A10 Networks from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Zacks Research cut shares of A10 Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. BTIG Research reissued a "buy" rating and issued a $37.00 price target on shares of A10 Networks in a research note on Thursday, August 6th. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Mizuho raised their price objective on A10 Networks from $30.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $30.88.

Insiders Place Their Bets

In other news, Director Dana Wolf sold 2,652 shares of the business's stock in a transaction 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 transaction, the director owned 57,409 shares of the company's stock, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the business's stock in a transaction dated 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 $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. 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. 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.

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.