Nuveen LLC Makes New Investment in A10 Networks, Inc. $ATEN

Nuveen LLC purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 199,651 shares of the communications equipment provider’s stock, valued at approximately $3,262,000. Nuveen LLC owned about 0.28% of A10 Networks as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider’s stock worth $120,823,000 after buying an additional 34,634 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of A10 Networks by 29.9% during the first quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider’s stock worth $41,490,000 after buying an additional 584,116 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of A10 Networks by 11.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider’s stock worth $45,632,000 after buying an additional 249,145 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of A10 Networks by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider’s stock worth $33,498,000 after buying an additional 31,697 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new position in shares of A10 Networks during the first quarter worth about $26,894,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insider Activity

In other news, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the sale, the chief financial officer directly owned 77,599 shares in the company, valued at approximately $1,399,109.97. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $17.45 on Thursday. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.26 billion, a P/E ratio of 25.66 and a beta of 1.35. A10 Networks, Inc. has a 52 week low of $12.72 and a 52 week high of $21.90. The company has a 50-day moving average price of $18.33 and a 200 day moving average price of $17.96.

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

A10 Networks Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on ATEN shares. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. BTIG Research raised A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, August 6th. Mizuho began coverage on shares of A10 Networks in a research report on Monday, July 14th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a research report on Friday, June 27th. They issued a “buy” rating and a $22.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.