A10 Networks, Inc. $ATEN Shares Bought by AlphaQuest LLC

AlphaQuest LLC lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 967.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 162,685 shares of the communications equipment provider’s stock after acquiring an additional 147,444 shares during the period. AlphaQuest LLC’s holdings in A10 Networks were worth $2,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ATEN. Barclays PLC grew its stake in shares of A10 Networks by 103.7% during the 3rd quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock worth $24,779,000 after purchasing an additional 695,150 shares during the period. Wellington Management Group LLP grew its stake in shares of A10 Networks by 40.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock worth $37,284,000 after purchasing an additional 588,922 shares during the period. Crawford Investment Counsel Inc. acquired a new stake in shares of A10 Networks during the 3rd quarter worth approximately $5,206,000. Qube Research & Technologies Ltd grew its stake in shares of A10 Networks by 68.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 563,476 shares of the communications equipment provider’s stock worth $10,227,000 after purchasing an additional 228,837 shares during the period. Finally, UBS Group AG grew its stake in shares of A10 Networks by 55.3% during the 3rd quarter. UBS Group AG now owns 606,156 shares of the communications equipment provider’s stock worth $11,002,000 after purchasing an additional 215,907 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Price Performance

A10 Networks stock opened at $29.55 on Wednesday. The company’s fifty day moving average price is $25.70 and its 200 day moving average price is $20.91. A10 Networks, Inc. has a 1 year low of $16.52 and a 1 year high of $30.05. The stock has a market capitalization of $2.13 billion, a P/E ratio of 47.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The firm had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $72.62 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.06 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.8%. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATEN. Zacks Research raised shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. BTIG Research raised their price objective on shares of A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, A10 Networks currently has an average rating of “Moderate Buy” and an average price target of $23.86.

Insiders Place Their Bets

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction 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 owned 68,806 shares in the company, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

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.