AtonRa Partners Lowers Stock Position in A10 Networks, Inc. (NYSE:ATEN)

AtonRa Partners trimmed its stake in A10 Networks, Inc. (NYSE:ATEN) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,077 shares of the communications equipment provider’s stock after selling 1,299 shares during the period. AtonRa Partners’ holdings in A10 Networks were worth $133,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in ATEN. Vanguard Group Inc. lifted its stake in A10 Networks by 2.7% during the third quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider’s stock worth $104,697,000 after purchasing an additional 185,362 shares in the last quarter. Meritage Portfolio Management lifted its stake in A10 Networks by 30.3% during the 4th quarter. Meritage Portfolio Management now owns 32,220 shares of the communications equipment provider’s stock worth $424,000 after acquiring an additional 7,484 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in A10 Networks by 37.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock valued at $32,753,000 after acquiring an additional 676,509 shares during the period. Verity Asset Management Inc. boosted its holdings in A10 Networks by 1.7% during the 3rd quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock valued at $1,378,000 after acquiring an additional 1,515 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in A10 Networks by 38.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 158,383 shares of the communications equipment provider’s stock valued at $2,380,000 after acquiring an additional 43,781 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Insider Buying and Selling

In related news, CEO Dhrupad Trivedi sold 60,606 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total value of $804,241.62. Following the transaction, the chief executive officer now owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other A10 Networks news, CFO Brian Becker sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total value of $193,950.00. Following the completion of the transaction, the chief financial officer now owns 34,252 shares in the company, valued at $442,878.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dhrupad Trivedi sold 60,606 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total value of $804,241.62. Following the completion of the sale, the chief executive officer now directly owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,146 shares of company stock worth $1,598,166. Company insiders own 5.82% of the company’s stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded down $0.11 during trading on Tuesday, hitting $13.29. The company’s stock had a trading volume of 68,796 shares, compared to its average volume of 641,308. The company has a market capitalization of $990.11 million, a PE ratio of 25.28 and a beta of 1.10. A10 Networks, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $15.99. The business has a 50 day moving average price of $13.50 and a two-hundred day moving average price of $12.91.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The company had revenue of $70.42 million for the quarter, compared to analyst estimates of $76.95 million. As a group, equities analysts expect that A10 Networks, Inc. will post 0.66 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.81%. A10 Networks’s payout ratio is 45.28%.

Analyst Upgrades and Downgrades

Separately, BWS Financial increased their price target on shares of A10 Networks from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th.

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.