Vanguard Group Inc. Boosts Stake in A10 Networks, Inc. $ATEN

Vanguard Group Inc. lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,394,304 shares of the communications equipment provider’s stock after buying an additional 34,634 shares during the quarter. Vanguard Group Inc. owned 10.00% of A10 Networks worth $120,823,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ATEN. Boston Trust Walden Corp purchased a new stake in A10 Networks during the first quarter worth $26,894,000. Penserra Capital Management LLC increased its stake in A10 Networks by 29.9% in the first quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider’s stock valued at $41,490,000 after purchasing an additional 584,116 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 purchasing an additional 249,145 shares during the last quarter. Wellington Management Group LLP acquired a new position in A10 Networks in the fourth quarter valued at $4,236,000. Finally, Victory Capital Management Inc. increased its stake in A10 Networks by 124.4% in the first quarter. Victory Capital Management Inc. now owns 385,332 shares of the communications equipment provider’s stock valued at $6,296,000 after purchasing an additional 213,592 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ATEN. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Mizuho began coverage on A10 Networks in a research note on Monday, July 14th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a research note on Friday, June 27th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a report on Saturday, August 16th. Finally, Craig Hallum raised A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Insider Buying and Selling at A10 Networks

In other 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 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 $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian Becker sold 6,400 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was 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 directly owned 77,599 shares of the company’s stock, valued at approximately $1,399,109.97. This trade represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

A10 Networks Stock Down 0.2%

Shares of ATEN stock opened at $16.98 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The stock has a market cap of $1.23 billion, a PE ratio of 24.97 and a beta of 1.35. The business’s fifty day moving average is $18.38 and its 200-day moving average is $18.05. A10 Networks, Inc. has a 1 year low of $12.72 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN) last issued its earnings results 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 business had revenue of $69.38 million for the quarter, compared to analysts’ expectations of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Equities analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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

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.