35,100 Shares in A10 Networks, Inc. $ATEN Bought by Horizon Investments LLC

Horizon Investments LLC purchased a new position in A10 Networks, Inc. (NYSE:ATEN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,100 shares of the communications equipment provider’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATEN. Jones Financial Companies Lllp increased its holdings in A10 Networks by 271.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 1,140 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in A10 Networks by 92.4% in the 4th 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 in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in A10 Networks in the 3rd quarter worth $49,000. CWM LLC increased its holdings in A10 Networks by 38.1% in the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 1,005 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in A10 Networks by 42.0% in the 4th quarter. GAMMA Investing LLC now owns 4,411 shares of the communications equipment provider’s stock worth $78,000 after acquiring an additional 1,305 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insider Activity

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $20.55, for a total transaction of $685,013.70. Following the completion of the sale, the chief executive officer directly owned 713,597 shares in the company, valued at approximately $14,664,418.35. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the sale, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 91,365 shares of company stock valued at $2,046,706. 1.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATEN. DNB Markets set a $9.00 target price on shares of A10 Networks in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, January 21st. BTIG Research upped their target price on shares of A10 Networks from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.86.

A10 Networks Price Performance

A10 Networks stock opened at $27.80 on Friday. A10 Networks, Inc. has a 52-week low of $16.52 and a 52-week high of $28.59. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 44.83 and a beta of 1.17. The company has a fifty day simple moving average of $23.62 and a 200-day simple moving average of $19.96. 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 (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, 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 during the quarter, compared to analyst estimates of $72.62 million. During the same quarter in the prior year, the firm 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. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is presently 38.71%.

About A10 Networks

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.