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

Vest Financial LLC acquired a new stake in A10 Networks, Inc. (NYSE:ATEN) during the second quarter, Holdings Channel reports. The firm acquired 66,670 shares of the communications equipment provider’s stock, valued at approximately $2,491,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nilsine Partners LLC lifted its stake in shares of A10 Networks by 1.5% during the 2nd quarter. Nilsine Partners LLC now owns 56,679 shares of the communications equipment provider’s stock valued at $2,118,000 after buying an additional 815 shares in the last quarter. Signaturefd LLC lifted its position in shares of A10 Networks by 24.2% during the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock worth $81,000 after acquiring an additional 421 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in shares of A10 Networks by 110.1% in the second quarter. Cookson Peirce & Co. Inc. now owns 52,537 shares of the communications equipment provider’s stock worth $1,963,000 after acquiring an additional 27,537 shares during the period. SBI Securities Co. Ltd. grew 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 valued at $44,000 after purchasing an additional 531 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of A10 Networks by 4.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,531 shares of the communications equipment provider’s stock valued at $1,066,000 after purchasing an additional 1,109 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $27.04 on Friday. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $38.49. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 45.07 and a beta of 1.16. The company has a fifty day moving average of $33.29 and a 200-day moving average of $27.13.

A10 Networks (NYSE:ATEN) 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. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The firm had revenue of $80.14 million during the quarter, compared to the consensus estimate of $77.28 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho increased their price target on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. BWS Financial reiterated a “buy” rating and issued a $45.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, A10 Networks currently has a consensus rating of “Hold” and an average price target of $31.29.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were 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 in the company, valued at $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.21% of the company’s stock.

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.