A10 Networks, Inc. $ATEN Position Increased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 110.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 52,537 shares of the communications equipment provider’s stock after buying an additional 27,537 shares during the quarter. Cookson Peirce & Co. Inc. owned approximately 0.07% of A10 Networks worth $1,963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Signaturefd LLC raised its stake in 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 during the period. PNC Financial Services Group Inc. grew its holdings in shares of A10 Networks by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,938 shares of the communications equipment provider’s stock valued at $91,000 after purchasing an additional 488 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of A10 Networks by 83.5% during 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 during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 603 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of A10 Networks in the 2nd quarter worth approximately $26,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler set a $45.00 price target on shares of A10 Networks in a research note on Tuesday, June 16th. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of A10 Networks in a research report on Thursday, August 6th. Mizuho lifted their target price on A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.29.

Insider Buying and Selling

In related news, General Counsel Robert Scott Weber sold 14,086 shares of the firm’s stock in a transaction that occurred on 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 transaction, the general counsel owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of A10 Networks stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by insiders.

A10 Networks Stock Performance

NYSE ATEN opened at $25.77 on Friday. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $38.49. The business’s fifty day moving average is $31.97 and its two-hundred day moving average is $27.69. The stock has a market capitalization of $1.87 billion, a P/E ratio of 42.95 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $80.14 million for the quarter, compared to analysts’ expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. 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 earnings per share for the current year.

A10 Networks Announces Dividend

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

A10 Networks Company 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.