Allianz Asset Management GmbH Sells 37,129 Shares of A10 Networks, Inc. $ATEN

Allianz Asset Management GmbH lowered its position in A10 Networks, Inc. (NYSE:ATEN) by 35.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,115 shares of the communications equipment provider’s stock after selling 37,129 shares during the quarter. Allianz Asset Management GmbH’s holdings in A10 Networks were worth $1,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of A10 Networks by 12.4% in the second quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after acquiring an additional 214,778 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in A10 Networks during the 2nd quarter worth about $817,000. Segall Bryant & Hamill LLC purchased a new position in A10 Networks during the 2nd quarter valued at about $1,266,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of A10 Networks by 39.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock valued at $25,284,000 after purchasing an additional 367,901 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of A10 Networks in the 3rd quarter valued at about $1,112,000. 98.61% of the stock is owned by institutional investors.

Insider Transactions at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 33,334 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the transaction, the chief executive officer owned 713,597 shares in the company, valued at approximately $14,664,418.35. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ATEN shares. BTIG Research reissued a “buy” rating and issued a $22.00 price target on shares of A10 Networks in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $20.70 on Friday. The company’s fifty day moving average price is $18.10 and its 200 day moving average price is $17.81. A10 Networks, Inc. has a 1 year low of $13.81 and a 1 year high of $21.90. The company has a market capitalization of $1.48 billion, a PE ratio of 35.68 and a beta of 1.23. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.43 and a current ratio of 3.56.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $80.36 million during the quarter, compared to analysts’ expectations of $78.09 million. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. A10 Networks’s dividend payout ratio is presently 41.38%.

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.