Evergreen Capital Management LLC Acquires Shares of 29,762 A10 Networks, Inc. $ATEN

Evergreen Capital Management LLC acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,762 shares of the communications equipment provider’s stock, valued at approximately $526,000.

Several other institutional investors have also added to or reduced their stakes in ATEN. Barclays PLC raised its position in A10 Networks by 103.7% during the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider’s stock valued at $24,779,000 after purchasing an additional 695,150 shares in the last quarter. Wellington Management Group LLP raised its position in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after purchasing an additional 588,922 shares in the last quarter. Boston Trust Walden Corp raised its position in A10 Networks by 22.1% during the third quarter. Boston Trust Walden Corp now owns 2,639,992 shares of the communications equipment provider’s stock valued at $47,916,000 after purchasing an additional 477,196 shares in the last quarter. Crawford Investment Counsel Inc. acquired a new position in A10 Networks during the third quarter valued at approximately $5,206,000. Finally, Qube Research & Technologies Ltd raised its position in A10 Networks by 68.4% during the third quarter. Qube Research & Technologies Ltd now owns 563,476 shares of the communications equipment provider’s stock valued at $10,227,000 after purchasing an additional 228,837 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $27.54 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.56 and a debt-to-equity ratio of 1.03. A10 Networks, Inc. has a twelve month low of $15.91 and a twelve month high of $28.59. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 47.48 and a beta of 1.09. The company’s fifty day moving average is $22.58 and its 200 day moving average is $19.48.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. A10 Networks had a net margin of 14.50% and a return on equity of 24.10%. During the same period in the previous year, the business earned $0.24 EPS. The company’s revenue was up 8.3% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. Sell-side analysts forecast that A10 Networks, Inc. will post 0.8 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s payout ratio is currently 41.38%.

Insider Buying and Selling at A10 Networks

In related news, CEO Dhrupad Trivedi sold 33,334 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $20.55, for a total value of $685,013.70. Following the sale, the chief executive officer owned 713,597 shares of the company’s stock, valued at $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. BTIG Research restated a “buy” rating and set a $22.00 price objective on shares of A10 Networks in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research report on Monday, March 9th. Finally, Mizuho boosted their price objective on shares of A10 Networks from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

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.