Asset Management One Co. Ltd. Acquires Shares of 42,215 A10 Networks, Inc. $ATEN

Asset Management One Co. Ltd. bought a new stake in A10 Networks, Inc. (NYSE:ATEN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,215 shares of the communications equipment provider’s stock, valued at approximately $817,000. Asset Management One Co. Ltd. owned 0.06% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Federated Hermes Inc. boosted its position in shares of A10 Networks by 1.8% in the first quarter. Federated Hermes Inc. now owns 45,488 shares of the communications equipment provider’s stock valued at $743,000 after acquiring an additional 783 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of A10 Networks by 7.9% in the first quarter. Linden Thomas Advisory Services LLC now owns 13,155 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 963 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of A10 Networks by 3.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,342 shares of the communications equipment provider’s stock valued at $723,000 after acquiring an additional 1,141 shares during the period. CWM LLC boosted its position in shares of A10 Networks by 45.6% in the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock valued at $76,000 after acquiring an additional 1,454 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in A10 Networks by 5.1% during the second quarter. State of Alaska Department of Revenue now owns 42,899 shares of the communications equipment provider’s stock worth $829,000 after purchasing an additional 2,066 shares during the period. Institutional investors own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ATEN shares. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Mizuho started coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a “neutral” rating for the company. BTIG Research raised shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Insiders Place Their Bets

In related news, CFO Brian Becker sold 6,400 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the sale, the chief financial officer owned 77,599 shares in the company, valued at $1,399,109.97. The trade was a 7.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.15% of the stock is owned by corporate insiders.

A10 Networks Stock Down 3.8%

ATEN stock opened at $17.46 on Thursday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.67 and a beta of 1.27. 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, Inc. has a 12 month low of $13.81 and a 12 month high of $21.90. The firm has a 50-day moving average price of $17.83 and a 200-day moving average price of $17.77.

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

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.06 per share. The ex-dividend date was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks’s payout ratio is currently 35.29%.

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.