29,959 Shares in A10 Networks, Inc. $ATEN Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the second quarter, HoldingsChannel reports. The fund acquired 29,959 shares of the communications equipment provider’s stock, valued at approximately $1,119,000.

Several other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of A10 Networks during the 4th quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of A10 Networks in the 2nd quarter valued at approximately $27,000. Farther Finance Advisors LLC grew its stake in shares of 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 valued at $40,000 after buying an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in A10 Networks by 4,621.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 2,357 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 2,405 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BWS Financial reiterated a “buy” rating and issued a $45.00 target price on shares of A10 Networks in a research note on Friday, August 14th. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Mizuho lifted their price objective on shares of A10 Networks from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Piper Sandler set a $45.00 price objective on shares of A10 Networks in a report on Tuesday, June 16th. Finally, Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.88.

A10 Networks Stock Down 0.7%

Shares of A10 Networks stock opened at $24.54 on Friday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 40.90 and a beta of 1.13. The stock has a 50 day moving average price of $31.03 and a two-hundred day moving average price of $27.83. A10 Networks, Inc. has a 12-month low of $16.52 and a 12-month high of $38.49.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The company had revenue of $80.14 million for the quarter, compared to the consensus estimate of $77.28 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.81 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.06 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. A10 Networks’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of the business’s stock in a transaction on 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 $1,409,325.96. The trade was a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the sale, the director owned 57,409 shares of the company’s stock, valued at $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

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.