Walleye Capital LLC Takes $115.60 Million Position in A10 Networks, Inc. $ATEN

Walleye Capital LLC bought a new stake in A10 Networks, Inc. (NYSE:ATEN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 5,000,000 shares of the communications equipment provider’s stock, valued at approximately $115,600,000. A10 Networks comprises about 0.5% of Walleye Capital LLC’s holdings, making the stock its 8th largest position. Walleye Capital LLC owned approximately 0.07% of A10 Networks at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATEN. Aster Capital Management DIFC Ltd purchased a new stake in A10 Networks in the fourth quarter valued at $26,000. Farther Finance Advisors LLC grew its holdings in shares of A10 Networks by 92.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 2,357 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 2,405 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of A10 Networks in the 4th quarter valued at about $77,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATEN. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. BTIG Research boosted their price objective on A10 Networks from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. BWS Financial increased their price objective on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Piper Sandler set a $45.00 target price on shares of A10 Networks in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.29.

A10 Networks Trading Down 2.4%

NYSE:ATEN opened at $35.57 on Thursday. A10 Networks, Inc. has a 12-month low of $16.52 and a 12-month high of $38.49. 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’s 50 day simple moving average is $33.18 and its 200-day simple moving average is $25.71. The firm has a market cap of $2.56 billion, a P/E ratio of 57.37 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $75.00 million for 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%. A10 Networks’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Equities analysts anticipate that A10 Networks, Inc. will post 0.83 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s dividend payout ratio is currently 38.71%.

Insider Buying and Selling

In other A10 Networks news, Director Eric Singer sold 24,698 shares of A10 Networks stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is currently owned by insiders.

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.