Legal & General Group Plc Buys New Shares in A10 Networks, Inc. $ATEN

Legal & General Group Plc bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 189,446 shares of the communications equipment provider’s stock, valued at approximately $7,078,000.

A number of other hedge funds have also recently bought and sold shares of ATEN. BlackRock Inc. acquired a new position in shares of A10 Networks during the 2nd quarter worth approximately $506,919,000. Walleye Capital LLC bought a new stake in shares of A10 Networks during the 1st quarter worth approximately $115,600,000. Boston Partners acquired a new stake in shares of A10 Networks in the 4th quarter valued at approximately $14,795,000. Wellington Management Group LLP boosted its holdings in shares of A10 Networks by 40.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after buying an additional 588,922 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in shares of A10 Networks in the first quarter valued at $13,058,000. 98.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, General Counsel Robert Scott Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The shares were 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 owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Elizabeth Wolf sold 2,652 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the transaction, the director directly owned 57,409 shares in the company, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ATEN. BWS Financial reaffirmed a “buy” rating and set a $45.00 price target on shares of A10 Networks in a research report on Friday, August 14th. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Piper Sandler set a $45.00 target price on shares of A10 Networks in a research note on Tuesday, June 16th. Finally, BTIG Research reiterated a “buy” rating and set a $37.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.88.

A10 Networks Trading Down 0.6%

ATEN opened at $24.80 on Thursday. The stock’s fifty day simple moving average is $31.43 and its 200 day simple moving average is $27.82. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $38.49. The stock has a market cap of $1.80 billion, a PE ratio of 41.33 and a beta of 1.13.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Equities analysts forecast that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, August 17th. A10 Networks’s dividend payout ratio (DPR) is currently 40.00%.

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.