Y Intercept Hong Kong Ltd Reduces Stake in A10 Networks, Inc. $ATEN

Y Intercept Hong Kong Ltd lowered its holdings in A10 Networks, Inc. (NYSE:ATEN) by 17.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 36,402 shares of the communications equipment provider’s stock after selling 7,601 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.05% of A10 Networks worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ATEN. Vestcor Inc purchased a new position in shares of A10 Networks in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of A10 Networks in the 1st quarter valued at about $55,000. CWM LLC boosted its position in shares of A10 Networks by 45.6% in 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 during the period. DRW Securities LLC acquired a new stake in shares of A10 Networks in the 1st quarter valued at about $188,000. Finally, CenterBook Partners LP acquired a new stake in shares of A10 Networks in the 1st quarter valued at about $206,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Mizuho assumed coverage on A10 Networks in a research report on Monday, July 14th. They issued a “neutral” rating for the company. BTIG Research raised A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Insider Activity

In other news, CFO Brian Becker sold 6,400 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 77,599 shares of the company’s stock, valued at approximately $1,399,109.97. This represents a 7.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.15% of the company’s stock.

A10 Networks Stock Performance

Shares of ATEN stock opened at $18.13 on Thursday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 26.66 and a beta of 1.30. The stock has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $17.84. A10 Networks, Inc. has a 12-month low of $13.81 and a 12-month 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 earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $74.68 million during the quarter, compared to the consensus estimate of $70.70 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, equities analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 17th. A10 Networks’s dividend payout ratio is 35.29%.

About A10 Networks

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.