Peregrine Capital Management LLC Sells 21,194 Shares of A10 Networks, Inc. $ATEN

Peregrine Capital Management LLC trimmed its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,619 shares of the communications equipment provider’s stock after selling 21,194 shares during the quarter. Peregrine Capital Management LLC owned 0.31% of A10 Networks worth $5,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATEN. Impact Partnership Wealth LLC purchased a new stake in A10 Networks during the first quarter valued at approximately $244,000. 1492 Capital Management LLC boosted its holdings in shares of A10 Networks by 33.3% in the 1st quarter. 1492 Capital Management LLC now owns 26,378 shares of the communications equipment provider’s stock worth $610,000 after purchasing an additional 6,596 shares during the period. Pictet Asset Management Holding SA purchased a new position in shares of A10 Networks in the 1st quarter worth approximately $238,000. Louisiana State Employees Retirement System bought a new position in shares of A10 Networks during the 1st quarter valued at approximately $733,000. Finally, SG Americas Securities LLC increased its position in shares of A10 Networks by 6.0% during the 1st quarter. SG Americas Securities LLC now owns 54,521 shares of the communications equipment provider’s stock valued at $1,261,000 after purchasing an additional 3,073 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insiders Place Their Bets

In other A10 Networks news, Director Eric Singer sold 24,698 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, the director owned 68,806 shares in the company, valued at $1,872,211.26. This represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by company insiders.

A10 Networks Stock Performance

ATEN stock opened at $38.09 on Thursday. A10 Networks, Inc. has a twelve month low of $16.52 and a twelve month high of $38.39. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 61.44 and a beta of 1.20. The business’s fifty day simple moving average is $30.42 and its two-hundred day simple moving average is $23.75. 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 issued its 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. The firm had revenue of $75.00 million during the quarter, compared to analyst estimates of $72.61 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.6%. A10 Networks’s dividend payout ratio is 38.71%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ATEN shares. Loop Capital set a $25.00 price target on A10 Networks in a research report on Monday, March 9th. Zacks Research cut shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings raised shares of A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Piper Sandler set a $45.00 price target on shares of A10 Networks in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.