Amalgamated Bank Has $342,000 Position in A10 Networks, Inc. (NYSE:ATEN)

Amalgamated Bank reduced its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,921 shares of the communications equipment provider’s stock after selling 712 shares during the period. Amalgamated Bank’s holdings in A10 Networks were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in A10 Networks by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock valued at $12,299,000 after buying an additional 17,510 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in A10 Networks in the fourth quarter valued at about $325,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in A10 Networks by 39.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider’s stock valued at $6,363,000 after buying an additional 97,332 shares in the last quarter. Picton Mahoney Asset Management boosted its position in A10 Networks by 61.4% in the fourth quarter. Picton Mahoney Asset Management now owns 32,047 shares of the communications equipment provider’s stock valued at $590,000 after buying an additional 12,196 shares in the last quarter. Finally, Royce & Associates LP boosted its position in A10 Networks by 9.1% in the fourth quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock valued at $16,911,000 after buying an additional 76,412 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the completion of the sale, the general counsel owned 61,007 shares of the company’s stock, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.15% of the stock is currently owned by company insiders.

A10 Networks Trading Down 3.6%

ATEN opened at $18.25 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 4.49 and a beta of 1.39. The firm has a 50 day simple moving average of $18.06 and a 200 day simple moving average of $18.20. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. A10 Networks’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, May 15th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BWS Financial reaffirmed a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Friday, May 2nd. Raymond James Financial assumed coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A10 Networks in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a research note on Friday, June 27th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Craig Hallum raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.