Zurcher Kantonalbank Zurich Cantonalbank Sells 3,571 Shares of A10 Networks, Inc. (NYSE:ATEN)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 14.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,441 shares of the communications equipment provider’s stock after selling 3,571 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in A10 Networks were worth $334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in A10 Networks during the 4th quarter valued at about $50,000. CWM LLC increased its stake in A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock valued at $76,000 after purchasing an additional 1,454 shares in the last quarter. Freestone Grove Partners LP bought a new stake in A10 Networks during the 4th quarter valued at about $197,000. iSAM Funds UK Ltd bought a new stake in A10 Networks during the 4th quarter valued at about $206,000. Finally, Cubist Systematic Strategies LLC bought a new stake in A10 Networks during the 4th quarter valued at about $239,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Performance

Shares of ATEN stock opened at $17.40 on Friday. The company has a quick ratio of 3.87, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.26 billion, a PE ratio of 25.59, a P/E/G ratio of 4.09 and a beta of 1.35. The company has a 50 day moving average price of $18.49 and a 200-day moving average price of $18.18. A10 Networks, Inc. has a 52 week low of $12.45 and a 52 week high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $69.38 million for the quarter, compared to the consensus estimate of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATEN. BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. Mizuho assumed coverage on shares of A10 Networks in a research note on Monday, July 14th. They issued a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of A10 Networks in a research note on Saturday, August 2nd. Craig Hallum upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, May 2nd. Finally, BTIG Research upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, A10 Networks currently has an average rating of “Moderate Buy” and an average price target of $22.00.

Insider Activity

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm’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 transaction, the general counsel owned 61,007 shares of the company’s stock, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.15% of the company’s stock.

A10 Networks Company 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.