Public Sector Pension Investment Board Acquires 35,691 Shares of A10 Networks, Inc. $ATEN

Public Sector Pension Investment Board raised its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,460 shares of the communications equipment provider’s stock after acquiring an additional 35,691 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.39% of A10 Networks worth $5,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ATEN. Linden Thomas Advisory Services LLC lifted its stake in shares of A10 Networks by 4.0% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,417 shares of the communications equipment provider’s stock worth $262,000 after purchasing an additional 554 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of A10 Networks by 1.8% during the third quarter. New York State Teachers Retirement System now owns 32,156 shares of the communications equipment provider’s stock valued at $584,000 after buying an additional 577 shares during the last quarter. Amalgamated Bank lifted its position in shares of A10 Networks by 3.5% during the third quarter. Amalgamated Bank now owns 21,173 shares of the communications equipment provider’s stock valued at $384,000 after buying an additional 710 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of A10 Networks by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 109,639 shares of the communications equipment provider’s stock valued at $2,122,000 after buying an additional 731 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of A10 Networks by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock worth $705,000 after buying an additional 737 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATEN has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of A10 Networks in a research report on Thursday, February 5th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.00.

Insiders Place Their Bets

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the transaction, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.15% of the company’s stock.

A10 Networks Trading Down 1.4%

NYSE ATEN opened at $19.67 on Friday. A10 Networks, Inc. has a 12-month low of $13.81 and a 12-month high of $21.45. The company has a fifty day simple moving average of $18.25 and a two-hundred day simple moving average of $17.86. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.41 billion, a P/E ratio of 33.91 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The firm had revenue of $80.36 million for the quarter, compared to the consensus estimate of $78.09 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 16th will be given a $0.06 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. A10 Networks’s dividend payout ratio is currently 41.38%.

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.