Hsbc Holdings PLC Boosts Holdings in A10 Networks, Inc. $ATEN

Hsbc Holdings PLC lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 84.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 153,816 shares of the communications equipment provider’s stock after acquiring an additional 70,357 shares during the quarter. Hsbc Holdings PLC’s holdings in A10 Networks were worth $2,724,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ATEN. Aster Capital Management DIFC Ltd acquired a new position in A10 Networks in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its stake in A10 Networks by 92.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares during the last quarter. Clearstead Advisors LLC raised its position in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares during the period. Finally, Leonteq Securities AG purchased a new stake in A10 Networks in the fourth quarter valued at $77,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 2.3%

Shares of NYSE ATEN opened at $37.24 on Friday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 60.06 and a beta of 1.14. 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 52-week low of $16.52 and a 52-week high of $38.49. The business’s 50 day moving average is $31.74 and its two-hundred day moving average is $24.63.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The business had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. During the same period last year, the business posted $0.20 earnings per share. The company’s quarterly 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. Research analysts predict that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid 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 0.6%. A10 Networks’s dividend payout ratio is presently 38.71%.

Insider Buying and Selling

In other A10 Networks news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total value of $672,032.58. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.21% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on ATEN. Zacks Research lowered A10 Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Piper Sandler set a $45.00 price objective on A10 Networks in a research report on Tuesday, June 16th. Mizuho boosted their price objective on shares of A10 Networks from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, BTIG Research increased their target price on shares of A10 Networks from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.71.

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.