A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in A10 Networks, Inc. (NYSE:ATEN) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,900 shares of the communications equipment provider’s stock after purchasing an additional 16,600 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.28% of A10 Networks worth $2,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ATEN. Meeder Asset Management Inc. acquired a new position in shares of A10 Networks in the 4th quarter worth approximately $163,000. ProShare Advisors LLC lifted its holdings in shares of A10 Networks by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after acquiring an additional 984 shares during the last quarter. Gladius Capital Management LP lifted its holdings in shares of A10 Networks by 20.8% in the 4th quarter. Gladius Capital Management LP now owns 16,138 shares of the communications equipment provider’s stock worth $213,000 after acquiring an additional 2,782 shares during the last quarter. Diversified Trust Co acquired a new position in shares of A10 Networks in the 4th quarter worth approximately $228,000. Finally, Quadrature Capital Ltd purchased a new stake in A10 Networks during the 4th quarter worth approximately $233,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of A10 Networks stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the transaction, the director now owns 619,166 shares of the company’s stock, valued at $9,535,156.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.81% of the company’s stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded up $0.22 during trading hours on Monday, reaching $13.80. The stock had a trading volume of 502,982 shares, compared to its average volume of 779,937. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $16.46. The firm’s 50 day moving average is $14.27 and its 200-day moving average is $13.85. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.62 and a beta of 1.12.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a net margin of 17.96% and a return on equity of 22.42%. The company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $59.43 million. During the same period in the prior year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.06 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.74%. A10 Networks’s dividend payout ratio is presently 39.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ATEN shares. StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Craig Hallum upped their target price on shares of A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, BWS Financial reaffirmed a “buy” rating and set a $17.00 target price on shares of A10 Networks in a research note on Tuesday, July 9th.

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.