A10 Networks, Inc. $ATEN Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its stake in A10 Networks, Inc. (NYSE:ATEN) by 11.2% in the second quarter, HoldingsChannel reports. The firm owned 2,416,808 shares of the communications equipment provider’s stock after purchasing an additional 243,547 shares during the period. Boston Trust Walden Corp’s holdings in A10 Networks were worth $90,292,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new position in A10 Networks in the 2nd quarter worth approximately $634,000. Vest Financial LLC acquired a new stake in A10 Networks during the 2nd quarter valued at $2,491,000. Nilsine Partners LLC raised its stake in A10 Networks by 1.5% during the 2nd quarter. Nilsine Partners LLC now owns 56,679 shares of the communications equipment provider’s stock valued at $2,118,000 after purchasing an additional 815 shares during the period. Signaturefd LLC lifted its holdings in shares of A10 Networks by 24.2% in the second quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider’s stock valued at $81,000 after purchasing an additional 421 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its holdings in shares of A10 Networks by 110.1% in the second quarter. Cookson Peirce & Co. Inc. now owns 52,537 shares of the communications equipment provider’s stock valued at $1,963,000 after purchasing an additional 27,537 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 1.6%

Shares of ATEN stock opened at $27.04 on Friday. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $38.49. The company has a market cap of $1.96 billion, a PE ratio of 45.07 and a beta of 1.16. The business’s 50 day moving average is $33.29 and its two-hundred day moving average is $27.13.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The business had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities analysts expect that A10 Networks, Inc. will post 0.83 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s payout ratio is presently 40.00%.

Insider Activity at A10 Networks

In other news, General Counsel Robert Scott Weber sold 14,086 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the completion of the transaction, the general counsel owned 50,586 shares of the company’s stock, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings upgraded A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Piper Sandler set a $45.00 target price on A10 Networks in a report on Tuesday, June 16th. BTIG Research reissued a “buy” rating and issued a $37.00 price target on shares of A10 Networks in a research report on Thursday, August 6th. Mizuho raised their price target on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, BWS Financial reaffirmed a “buy” rating and set a $45.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.29.

A10 Networks Company 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.