Teton Advisors LLC Takes Position in A10 Networks, Inc. $ATEN

Teton Advisors LLC bought a new position in A10 Networks, Inc. (NYSE:ATEN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,000 shares of the communications equipment provider’s stock, valued at approximately $653,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATEN. First Trust Advisors LP boosted its position in shares of A10 Networks by 12.4% during the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after acquiring an additional 214,778 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in A10 Networks during the second quarter valued at $1,266,000. Arrowstreet Capital Limited Partnership raised its stake in A10 Networks by 39.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock valued at $25,284,000 after purchasing an additional 367,901 shares in the last quarter. SG Americas Securities LLC bought a new position in A10 Networks during the third quarter valued at $1,112,000. Finally, Geode Capital Management LLC grew its stake in shares of A10 Networks by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock worth $34,516,000 after buying an additional 51,454 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATEN. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. Mizuho boosted their price objective on A10 Networks from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. BTIG Research reaffirmed a “buy” rating and issued a $22.00 price objective on shares of A10 Networks in a research note on Friday, February 20th. Finally, BWS Financial lifted their target price on A10 Networks from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

A10 Networks Price Performance

Shares of ATEN stock opened at $20.46 on Friday. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.31. 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 fifty day simple moving average of $18.64 and a two-hundred day simple moving average of $18.02. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 35.28 and a beta of 1.22.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 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%.During the same quarter last year, the company earned $0.24 EPS. The business’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 predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. A10 Networks’s payout ratio is 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.