Deutsche Bank AG Sells 6,684 Shares of A10 Networks, Inc. $ATEN

Deutsche Bank AG trimmed its position in A10 Networks, Inc. (NYSE:ATEN) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,446 shares of the communications equipment provider’s stock after selling 6,684 shares during the quarter. Deutsche Bank AG owned 0.22% of A10 Networks worth $2,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Trust Walden Corp acquired a new position in shares of A10 Networks in the first quarter valued at about $26,894,000. Penserra Capital Management LLC grew its position in shares of A10 Networks by 29.9% during the 1st quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider’s stock worth $41,490,000 after purchasing an additional 584,116 shares in the last quarter. Marshall Wace LLP grew its position in shares of A10 Networks by 364.8% during the 4th quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider’s stock worth $12,580,000 after purchasing an additional 536,600 shares in the last quarter. Barclays PLC increased its holdings in shares of A10 Networks by 350.4% during the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider’s stock worth $12,618,000 after purchasing an additional 533,482 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of A10 Networks by 11.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider’s stock valued at $45,632,000 after buying an additional 249,145 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Trading Down 0.7%

Shares of A10 Networks stock opened at $17.0750 on Wednesday. The firm’s 50 day moving average is $18.42 and its 200 day moving average is $18.08. The firm has a market capitalization of $1.23 billion, a PE ratio of 25.11 and a beta of 1.35. A10 Networks, Inc. has a 1 year low of $12.72 and a 1 year high of $21.90. The company has a current ratio of 4.23, a quick ratio of 4.04 and a debt-to-equity ratio of 1.07.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $69.38 million during 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 in the prior year, the firm earned $0.18 EPS. Equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company 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 dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. A10 Networks’s dividend payout ratio (DPR) is 35.29%.

Insiders Place Their Bets

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the transaction, the general counsel directly owned 61,007 shares of the company’s stock, valued at $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Becker sold 6,400 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the sale, the chief financial officer owned 77,599 shares in the company, valued at $1,399,109.97. This trade represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ATEN shares. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. BTIG Research raised A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, August 6th. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Mizuho assumed coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a “neutral” rating for the company. Finally, Craig Hallum upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.00.

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.