Punch & Associates Investment Management Inc. Purchases 24,284 Shares of A10 Networks, Inc. $ATEN

Punch & Associates Investment Management Inc. grew its position in A10 Networks, Inc. (NYSE:ATEN) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459,910 shares of the communications equipment provider’s stock after purchasing an additional 24,284 shares during the period. A10 Networks makes up approximately 1.9% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 5th largest holding. Punch & Associates Investment Management Inc.’s holdings in A10 Networks were worth $33,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of A10 Networks by 53.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 98,907 shares of the communications equipment provider’s stock worth $2,287,000 after purchasing an additional 34,551 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of A10 Networks by 36.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,144 shares of the communications equipment provider’s stock valued at $34,614,000 after buying an additional 401,857 shares in the last quarter. Inceptionr LLC bought a new position in shares of A10 Networks in the first quarter valued at $382,000. Walleye Capital LLC acquired a new position in A10 Networks during the first quarter worth $115,600,000. Finally, State of Wyoming bought a new stake in A10 Networks during the first quarter worth $180,000. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of recent analyst reports. BTIG Research boosted their price target on A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. BWS Financial increased their price target on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Sidoti reaffirmed a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a research report on Monday, April 20th. Weiss Ratings upgraded shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, Mizuho raised their target price on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, A10 Networks currently has an average rating of “Hold” and a consensus price target of $31.29.

A10 Networks Trading Down 1.2%

Shares of A10 Networks stock opened at $34.26 on Friday. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. A10 Networks, Inc. has a 12-month low of $16.52 and a 12-month high of $38.49. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 55.25 and a beta of 1.14. The firm’s 50-day moving average price is $33.44 and its two-hundred day moving average price is $25.89.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.61 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up 13.4% 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 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.7%. A10 Networks’s payout ratio is presently 38.71%.

Insider Activity at A10 Networks

In related news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the transaction, the director directly owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.21% of the company’s stock.

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.