Allianz Asset Management GmbH Sells 37,129 Shares of A10 Networks, Inc. $ATEN

Allianz Asset Management GmbH decreased its holdings in A10 Networks, Inc. (NYSE:ATEN) by 35.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,115 shares of the communications equipment provider’s stock after selling 37,129 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of A10 Networks worth $1,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Penserra Capital Management LLC lifted its stake in A10 Networks by 56.2% in the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of A10 Networks by 22.1% in the 3rd quarter. Boston Trust Walden Corp now owns 2,639,992 shares of the communications equipment provider’s stock valued at $47,916,000 after acquiring an additional 477,196 shares during the last quarter. First Trust Advisors LP boosted its holdings in A10 Networks by 12.4% during the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after acquiring an additional 214,778 shares during the period. Geode Capital Management LLC boosted its holdings in A10 Networks by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock valued at $34,516,000 after acquiring an additional 51,454 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in A10 Networks by 39.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock worth $25,284,000 after acquiring an additional 367,901 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. BTIG Research reiterated a “buy” rating and set a $22.00 price target on shares of A10 Networks in a report on Thursday, February 5th. Finally, Wall Street Zen lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Trading Up 1.7%

A10 Networks stock opened at $20.70 on Friday. A10 Networks, Inc. has a 12 month low of $13.81 and a 12 month high of $21.90. The business’s fifty day simple moving average is $18.10 and its two-hundred day simple moving average is $17.81. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 35.68 and a beta of 1.23. The company has a current ratio of 3.56, a quick ratio of 3.43 and a debt-to-equity ratio of 1.03.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $80.36 million for the quarter, compared to the consensus estimate of $78.09 million. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th. A10 Networks’s payout ratio is presently 41.38%.

Insiders Place Their Bets

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total value of $685,013.70. Following the completion of the sale, the chief executive officer directly owned 713,597 shares in the company, valued at $14,664,418.35. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is owned by insiders.

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.