Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,772 Shares of A10 Networks, Inc. (NYSE:ATEN)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in A10 Networks, Inc. (NYSE:ATEN) by 24.2% during the 4th quarter, HoldingsChannel reports. The firm owned 19,367 shares of the communications equipment provider’s stock after acquiring an additional 3,772 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in A10 Networks were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. grew its stake in A10 Networks by 6.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock worth $176,000 after buying an additional 816 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of A10 Networks by 1.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 96,250 shares of the communications equipment provider’s stock worth $1,447,000 after acquiring an additional 1,012 shares in the last quarter. Swiss National Bank grew its position in A10 Networks by 0.8% during the 3rd quarter. Swiss National Bank now owns 154,500 shares of the communications equipment provider’s stock worth $2,322,000 after acquiring an additional 1,300 shares during the last quarter. Verity Asset Management Inc. increased its holdings in A10 Networks by 1.7% during the 3rd quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock valued at $1,378,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in A10 Networks by 5.2% during the 3rd quarter. Amalgamated Bank now owns 31,572 shares of the communications equipment provider’s stock valued at $475,000 after purchasing an additional 1,565 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at A10 Networks

In related news, CFO Brian Becker sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total value of $193,950.00. Following the transaction, the chief financial officer now directly owns 34,252 shares in the company, valued at $442,878.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total transaction of $193,950.00. Following the completion of the sale, the chief financial officer now directly owns 34,252 shares of the company’s stock, valued at $442,878.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dhrupad Trivedi sold 60,606 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total value of $804,241.62. Following the completion of the transaction, the chief executive officer now directly owns 495,814 shares in the company, valued at approximately $6,579,451.78. The disclosure for this sale can be found here. 5.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATEN shares. BWS Financial restated a “buy” rating and set a $17.00 target price on shares of A10 Networks in a report on Wednesday, May 1st. Craig Hallum increased their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st.

A10 Networks Stock Performance

NYSE:ATEN opened at $15.55 on Tuesday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 25.49 and a beta of 1.13. The stock’s fifty day moving average price is $13.67 and its two-hundred day moving average price is $13.04. A10 Networks, Inc. has a 52-week low of $10.03 and a 52-week high of $15.99.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $59.43 million. A10 Networks had a return on equity of 22.42% and a net margin of 17.96%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, equities analysts predict that A10 Networks, Inc. will post 0.66 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio (DPR) is presently 39.34%.

A10 Networks Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.