PDT Partners LLC Makes New $4.16 Million Investment in A10 Networks, Inc. $ATEN

Key Points

• PDT Partners LLC acquired 111,226 shares of A10 Networks worth approximately $4.16 million, representing about 0.15% of the company. Institutional investors collectively own 98.61% of ATEN.
• A10 Networks beat quarterly expectations, reporting $0.25 in adjusted earnings per share versus the $0.24 consensus and revenue of $80.14 million, up 15.5% year over year. The company also declared a quarterly dividend of $0.06 per share, equating to a 1.0% annual yield.
• Analyst sentiment remains cautious, with the stock carrying a consensus rating of “Hold” and an average price target of $31.29. ATEN recently traded at $25.17, while company insiders disclosed additional sales under pre-arranged trading plans.

PDT Partners LLC purchased a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 111,226 shares of the communications equipment provider's stock, valued at approximately $4,155,000. PDT Partners LLC owned approximately 0.15% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ATEN. Aster Capital Management DIFC Ltd acquired a new stake in shares of A10 Networks during the fourth quarter worth $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in A10 Networks in the 2nd quarter worth $27,000. Farther Finance Advisors LLC increased its holdings in A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in A10 Networks by 4,621.6% during the 4th 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 raised its stake in shares of A10 Networks by 2,829.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider's stock valued at $44,000 after purchasing an additional 2,405 shares during the period. Institutional investors and hedge funds own 98.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ATEN. Wall Street Zen lowered A10 Networks from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Zacks Research downgraded A10 Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. BWS Financial reissued a "buy" rating and issued a $45.00 target price on shares of A10 Networks in a research report on Friday, August 14th. BTIG Research restated a "buy" rating and issued a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Finally, Piper Sandler set a $45.00 price target on A10 Networks in a research report on Tuesday, June 16th. 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $31.29.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $25.17 on Wednesday. The company's 50-day moving average price is $32.39 and its two-hundred day moving average price is $27.60. A10 Networks, Inc. has a one year low of $16.52 and a one year high of $38.49. The stock has a market capitalization of $1.83 billion, a PE ratio of 41.94 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $80.14 million during the quarter, compared to analysts' expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.A10 Networks'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 EPS. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, analysts anticipate that A10 Networks, Inc. will post 0.81 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, August 17th. A10 Networks's dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In other A10 Networks news, Director Dana Elizabeth Wolf sold 2,652 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares of the company's stock, valued at $1,472,540.85. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the sale, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by company insiders.

About A10 Networks

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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