Vanguard Group Inc. Purchases 102,501 Shares of A10 Networks, Inc. (NYSE:ATEN)

Vanguard Group Inc. increased its position in A10 Networks, Inc. (NYSE:ATENFree Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,068,348 shares of the communications equipment provider’s stock after purchasing an additional 102,501 shares during the quarter. Vanguard Group Inc. owned approximately 9.49% of A10 Networks worth $93,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meritage Portfolio Management raised its holdings in A10 Networks by 30.3% in the fourth quarter. Meritage Portfolio Management now owns 32,220 shares of the communications equipment provider’s stock worth $424,000 after purchasing an additional 7,484 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in A10 Networks by 37.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock worth $32,753,000 after buying an additional 676,509 shares during the period. Verity Asset Management Inc. lifted its holdings in A10 Networks by 1.7% during the third quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock worth $1,378,000 after acquiring an additional 1,515 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of A10 Networks by 93.6% in the fourth quarter. Russell Investments Group Ltd. now owns 561,155 shares of the communications equipment provider’s stock worth $7,390,000 after acquiring an additional 271,303 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of A10 Networks during the fourth quarter worth about $2,044,000. 98.61% of the stock is owned by institutional investors.

Insider Activity at A10 Networks

In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the transaction, the director now owns 619,166 shares of the company’s stock, valued at approximately $9,535,156.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ATEN. StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, July 1st. BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a report on Wednesday, May 1st. Finally, Craig Hallum upped their target price on shares of A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st.

Check Out Our Latest Analysis on A10 Networks

A10 Networks Stock Up 0.1 %

NYSE:ATEN opened at $13.72 on Monday. The company has a market cap of $1.02 billion, a P/E ratio of 22.49 and a beta of 1.12. A10 Networks, Inc. has a twelve month low of $10.03 and a twelve month high of $16.46. The business has a 50 day moving average price of $14.57 and a two-hundred day moving average price of $13.81.

A10 Networks (NYSE:ATENGet Free Report) last announced its earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. A10 Networks had a net margin of 17.96% and a return on equity of 22.42%. The business had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $59.43 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. As a group, analysts anticipate that A10 Networks, Inc. will post 0.66 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.75%. A10 Networks’s payout ratio is presently 39.34%.

A10 Networks Company Profile

(Free Report)

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.

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

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