Rice Hall James & Associates LLC Buys New Shares in A10 Networks, Inc. $ATEN

Rice Hall James & Associates LLC bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the second quarter, Holdings Channel reports. The fund bought 245,117 shares of the communications equipment provider’s stock, valued at approximately $9,158,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after buying an additional 421 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of A10 Networks by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock valued at $91,000 after acquiring an additional 488 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of A10 Networks by 83.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 531 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of A10 Networks by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,211 shares of the communications equipment provider’s stock worth $269,000 after acquiring an additional 603 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings 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 acquiring an additional 737 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Performance

NYSE ATEN opened at $27.25 on Tuesday. The firm’s 50 day moving average price is $33.15 and its two-hundred day moving average price is $27.26. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.49. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 45.42 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $80.14 million during the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, research analysts forecast that A10 Networks, Inc. will post 0.81 EPS for the current fiscal year.

A10 Networks Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ATEN shares. BTIG Research reaffirmed a “buy” rating and set a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. Piper Sandler set a $45.00 price target on A10 Networks in a research note on Tuesday, June 16th. BWS Financial reissued a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a research note on Friday. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Sidoti reaffirmed a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, A10 Networks has an average rating of “Hold” and a consensus price target of $31.29.

Insider Transactions 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 stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the sale, the general counsel directly owned 50,586 shares in the company, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.