Vest Financial LLC Buys Shares of 66,670 A10 Networks, Inc. $ATEN

Key Points

• Vest Financial LLC purchased 66,670 A10 Networks shares worth approximately $2.49 million, giving it a 0.09% stake. Institutional investors collectively own 98.61% of the company.
• A10 Networks exceeded quarterly expectations with earnings of $0.25 per share versus $0.24 expected, while revenue rose 15.5% year over year to $80.14 million. Analysts maintain a consensus “Hold” rating with an average price target of $31.29.
• General Counsel Robert Scott Weber sold 14,086 shares for approximately $392,436 under a Rule 10b5-1 plan. The company also announced a quarterly dividend of $0.06 per share, representing a 0.9% yield.

Vest Financial LLC purchased a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 66,670 shares of the communications equipment provider's stock, valued at approximately $2,491,000. Vest Financial LLC owned about 0.09% of A10 Networks as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of A10 Networks in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its position 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 lifted its stake in A10 Networks by 4,621.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider's stock valued at $43,000 after purchasing an additional 2,357 shares during the last quarter. Clearstead Advisors LLC lifted its stake in 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 last quarter. Finally, SBI Securities Co. Ltd. boosted its position in 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 valued at $44,000 after buying an additional 531 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of recent research reports. Sidoti reaffirmed a "neutral" rating and issued a $24.00 target price on shares of A10 Networks in a report on Monday, April 20th. Mizuho lifted their price target on A10 Networks from $30.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. BWS Financial restated a "buy" rating and set a $45.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Piper Sandler set a $45.00 price target on A10 Networks in a report on Tuesday, June 16th. Finally, Weiss Ratings raised A10 Networks from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $31.29.

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the stock in a transaction 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 completion of the sale, the general counsel directly owned 50,586 shares of the company's stock, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by company insiders.

A10 Networks Price Performance

NYSE ATEN opened at $27.04 on Friday. The business has a 50 day simple moving average of $33.29 and a 200 day simple moving average of $27.13. 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 $1.96 billion, a P/E ratio of 45.07 and a beta of 1.16.

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 for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Dividend Announcement

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

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source