98,800 Shares in A10 Networks, Inc. $ATEN Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 98,800 shares of the communications equipment provider’s stock, valued at approximately $2,283,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATEN. The Manufacturers Life Insurance Company raised its position in shares of A10 Networks by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 36,438 shares of the communications equipment provider’s stock valued at $705,000 after purchasing an additional 737 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of A10 Networks by 1.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 42,750 shares of the communications equipment provider’s stock worth $756,000 after buying an additional 750 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of A10 Networks by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 71,527 shares of the communications equipment provider’s stock worth $1,265,000 after buying an additional 761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of A10 Networks by 0.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 137,148 shares of the communications equipment provider’s stock worth $2,426,000 after buying an additional 861 shares during the period. Finally, Hohimer Wealth Management LLC boosted its holdings in shares of A10 Networks by 7.8% during the 3rd quarter. Hohimer Wealth Management LLC now owns 11,978 shares of the communications equipment provider’s stock worth $217,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Up 0.1%

ATEN opened at $33.30 on Friday. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $33.63. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 53.71 and a beta of 1.20. The business has a 50 day moving average of $28.86 and a 200-day moving average of $22.72.

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

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is currently 38.71%.

Insider Transactions at A10 Networks

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 shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director directly owned 68,806 shares in the company, valued at $1,872,211.26. This trade represents a 26.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ATEN. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. BWS Financial upped their price target on shares of A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. BTIG Research set a $37.00 price target on shares of A10 Networks in a report on Thursday. Piper Sandler set a $45.00 price target on A10 Networks in a research report on Tuesday. Finally, Weiss Ratings lowered A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, A10 Networks presently has a consensus rating of “Moderate Buy” and an average price target of $29.62.

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.