12,364 Shares in A10 Networks, Inc. (NYSE:ATEN) Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in A10 Networks, Inc. (NYSE:ATEN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,364 shares of the communications equipment provider’s stock, valued at approximately $179,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of A10 Networks by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock valued at $31,614,000 after purchasing an additional 135,800 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in A10 Networks by 18.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after buying an additional 286,127 shares during the period. Dimensional Fund Advisors LP lifted its stake in A10 Networks by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock valued at $25,191,000 after buying an additional 28,150 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of A10 Networks by 43,184.1% in the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after buying an additional 1,724,343 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of A10 Networks by 48.2% during the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after acquiring an additional 308,000 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.82% of the stock is currently owned by insiders.

A10 Networks Trading Up 0.5 %

Shares of NYSE ATEN opened at $18.62 on Thursday. The firm has a market cap of $1.37 billion, a P/E ratio of 27.79 and a beta of 1.16. The business’s 50 day moving average is $15.82 and its 200-day moving average is $14.43. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $18.73.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. Analysts forecast that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATEN. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th. BWS Financial lifted their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.