Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

A10 Networks Inc (ATEN)

262 + Investors. Track Smart Money conviction in ATEN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +26
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — ATEN

Based on 264 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added ATEN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
264 hedge funds hold ATEN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

158 buying114 selling
Last quarter: 158 funds bought or added vs 114 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+23 vs last Q)

new funds entering per quarter
Funds opening a new ATEN position: 25 → 42 → 38 → 61. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 20% medium ■ 22% new
152 out of 264 hedge funds have held ATEN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +29% but shares only +11% — price-driven

Value
+28%
Shares
+10%
Last quarter: the total dollar value of institutional holdings rose +29%, but actual share count only changed +11%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

64 → 25 → 42 → 38 → 61 new funds/Q
New funds entering each quarter: 25 → 42 → 38 → 61. A growing number of institutions are discovering ATEN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 11% 1-2yr ■ 27% new
Of 266 current holders: 165 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
50 of 264 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ATEN

In 2026 Q1, 158 hedge funds were net buyers of ATEN (61 opened a new position, 97 added to an existing one), while 114 reduced or exited (79 trimmed, 35 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 36% of total institutional value in ATEN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +26 funds (more new holders than closures). Total institutional holders: 264.

Hedge Fund Ownership: ATEN

How many hedge funds hold ATEN — quarterly history vs. share price
Quarterly hedge fund ownership of ATEN vs. share price

Market Analysis: ATEN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ATEN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy A10 Networks Inc (ATEN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ATEN has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
ATEN
+43.1%
XLK
+41.2%

ATEN outperformed XLK by +1.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
ATEN
+18.0%
XLK
+6.4%

Since the filing became public, ATEN outperformed XLK by +11.6% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: ATEN
262 + Investors

Track Smart Money conviction in ATEN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 262 238 10.08%
13F Shares 78M 70M 10.89%
Total Value $1.56B $1.22B 28.52%
New Positions 59 38 +21
Increased Positions 97 84 +13
Closed Positions 35 35 -
Reduced Positions 77 88 -11
Total Calls 3 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ATEN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

262 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ATEN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ATEN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bridge City Capital, LLC 2.57% 400,683 $9.3M
2 Punch & Associates Investment Management, INC. 1.95% 1,459,910 $33.8M
3 Illumine Investment Management, LLC 0.76% 42,732 $988K
4 Summit Partners L P 0.69% 200,065 $4.6M
5 nVerses Capital, LLC 0.61% 29,119 $673K
6 Verity Asset Management, Inc. 0.60% 62,353 $1.4M
7 Teton Advisors, LLC 0.59% 36,000 $832K
8 Rice Hall James & Associates, LLC 0.43% 336,824 $7.8M
9 Boston Trust Walden Corp 0.41% 2,173,261 $50.2M
10 VARCOV Co. 0.39% 44,778 $1.0M
11 Paradigm Capital Management Inc/Ny 0.36% 401,400 $9.3M
12 Oberweis Asset Management Inc/ 0.34% 504,300 $11.7M
13 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.31% 175,194 $4.1M
14 Optimize Financial Inc 0.27% 23,700 $548K
15 Uniplan Investment Counsel, Inc. 0.25% 106,268 $2.5M
16 Deprince Race & Zollo Inc 0.25% 564,800 $13.1M
17 1492 Capital Management LLC 0.23% 26,378 $610K
18 Globeflex Capital L P 0.23% 65,303 $1.5M
19 Peregrine Capital Management LLC 0.19% 219,619 $5.1M
20 Royce & Associates LP 0.19% 817,430 $18.9M
21 AlphaQuest LLC 0.16% 162,685 $2.9M
22 Defiance ETFs, LLC 0.14% 423,138 $9.8M
23 PDT Partners, LLC 0.13% 98,626 $2.3M
24 Crawford Investment Counsel Inc 0.13% 320,622 $7.4M
25 Banque Cantonale Vaudoise 0.12% 139,472 $3.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — A10 Networks Inc (ATEN)

What does the Smart Money Trend signal show for ATEN?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ATEN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ATEN?

Slight buying edge — 58% buying: Last quarter: 158 funds bought or added vs 114 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ATEN holders?

Strong quality — 36% AUM from major funds: 50 of 264 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ATEN?

58% of holders stayed for 2+ years: 152 out of 264 hedge funds have held ATEN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy A10 Networks Inc (ATEN) following the 2026 Q1 hedge fund 13F filings?

As of today, ATEN has moved +18.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.4% for the XLK sector ETF — an outperformance of +11.6%. Since the quarter end (March 31, 2026), ATEN has gained +43.1% vs +41.2% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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