Hsbc Holdings PLC Sells 3,335 Shares of A10 Networks, Inc. (NYSE:ATEN)

Hsbc Holdings PLC decreased its position in shares of A10 Networks, Inc. (NYSE:ATEN – Get Rating) by 21.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,557 shares of the communications equipment provider’s stock after selling 3,335 shares during the quarter. Hsbc Holdings PLC’s holdings in A10 Networks were worth $169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of A10 Networks during the 3rd quarter worth approximately $27,000. Ensign Peak Advisors Inc acquired a new stake in A10 Networks in the first quarter worth $41,000. Great West Life Assurance Co. Can increased its stake in A10 Networks by 97.4% in the first quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 1,472 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of A10 Networks during the first quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of A10 Networks by 97.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,998 shares of the communications equipment provider’s stock worth $79,000 after purchasing an additional 2,960 shares in the last quarter. Institutional investors and hedge funds own 88.86% of the company’s stock.

A10 Networks Stock Performance

ATEN stock opened at $14.49 on Friday. The stock’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $15.83. The company has a market cap of $1.07 billion, a P/E ratio of 23.75 and a beta of 1.06. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.79.

A10 Networks (NYSE:ATEN – Get Rating) last issued its earnings results on Tuesday, February 7th. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. A10 Networks had a return on equity of 22.65% and a net margin of 16.73%. The company had revenue of $77.63 million for the quarter, compared to analyst estimates of $75.52 million. Equities analysts predict that A10 Networks, Inc. will post 0.68 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 17th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Thursday, February 16th. A10 Networks’s dividend payout ratio is currently 39.34%.

Insider Transactions at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 8,111 shares of A10 Networks stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $15.11, for a total transaction of $122,557.21. Following the completion of the transaction, the chief executive officer now owns 511,010 shares in the company, valued at approximately $7,721,361.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Matthew P. Bruening sold 3,728 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $15.15, for a total transaction of $56,479.20. Following the completion of the transaction, the executive vice president now owns 117,047 shares of the company’s stock, valued at $1,773,262.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dhrupad Trivedi sold 8,111 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $15.11, for a total transaction of $122,557.21. Following the sale, the chief executive officer now directly owns 511,010 shares in the company, valued at approximately $7,721,361.10. The disclosure for this sale can be found here. Insiders sold a total of 39,801 shares of company stock valued at $609,437 over the last three months. Corporate insiders own 14.22% of the company’s stock.

A10 Networks Profile

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A10 Networks, Inc engages in the provision of application networking solutions that help organizations ensure that their data center applications and networks remain available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial of service protection.