A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in shares of A10 Networks, Inc. (NYSE:ATENGet Rating) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,327 shares of the communications equipment provider’s stock after selling 818 shares during the quarter. Wedge Capital Management L L P NC’s holdings in A10 Networks were worth $163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in A10 Networks by 3.7% in the first quarter. BlackRock Inc. now owns 4,580,966 shares of the communications equipment provider’s stock valued at $63,904,000 after acquiring an additional 163,954 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of A10 Networks by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 1,971,858 shares of the communications equipment provider’s stock worth $27,508,000 after acquiring an additional 148,301 shares during the last quarter. Millennium Management LLC grew its position in A10 Networks by 328.6% in the 4th quarter. Millennium Management LLC now owns 1,751,334 shares of the communications equipment provider’s stock valued at $29,037,000 after buying an additional 1,342,704 shares in the last quarter. State Street Corp grew its position in A10 Networks by 1.6% in the 1st quarter. State Street Corp now owns 1,750,229 shares of the communications equipment provider’s stock valued at $24,416,000 after buying an additional 26,989 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in A10 Networks by 11.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,014,465 shares of the communications equipment provider’s stock valued at $14,151,000 after acquiring an additional 105,120 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at A10 Networks

In other news, CEO Dhrupad Trivedi sold 22,334 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $15.19, for a total value of $339,253.46. Following the transaction, the chief executive officer now owns 544,750 shares in the company, valued at approximately $8,274,752.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Dhrupad Trivedi sold 22,334 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $15.19, for a total value of $339,253.46. Following the transaction, the chief executive officer now owns 544,750 shares in the company, valued at approximately $8,274,752.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matthew P. Bruening sold 2,085 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $16.04, for a total value of $33,443.40. Following the completion of the transaction, the executive vice president now owns 128,004 shares in the company, valued at approximately $2,053,184.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,886 shares of company stock valued at $1,609,297. 14.22% of the stock is currently owned by corporate insiders.

A10 Networks Trading Up 0.9 %

Shares of NYSE ATEN opened at $12.97 on Thursday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.05. The company has a market capitalization of $987.95 million, a price-to-earnings ratio of 10.13 and a beta of 0.93. The firm has a 50-day moving average of $14.43 and a two-hundred day moving average of $14.31.

A10 Networks (NYSE:ATENGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. A10 Networks had a net margin of 38.39% and a return on equity of 19.92%. The company had revenue of $67.97 million during the quarter, compared to the consensus estimate of $66.74 million. During the same period in the prior year, the company earned $0.10 EPS. As a group, research analysts predict that A10 Networks, Inc. will post 0.51 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, August 12th. A10 Networks’s dividend payout ratio is presently 15.63%.

About A10 Networks

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

Further Reading

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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