A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,051 shares of the communications equipment provider’s stock after purchasing an additional 770 shares during the period. Martingale Asset Management L P owned 0.14% of A10 Networks worth $1,459,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ATEN. Pacer Advisors Inc. raised its holdings in A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after purchasing an additional 1,724,343 shares in the last quarter. Millennium Management LLC purchased a new stake in A10 Networks in the second quarter valued at $9,562,000. Harbor Capital Advisors Inc. boosted its stake in A10 Networks by 175.0% in the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after acquiring an additional 506,332 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of A10 Networks by 48.2% during the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after purchasing an additional 308,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of A10 Networks during the second quarter worth about $4,058,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Down 0.5 %

NYSE:ATEN opened at $17.05 on Monday. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $17.18. The stock’s 50 day simple moving average is $15.18 and its 200-day simple moving average is $14.29. The firm has a market cap of $1.26 billion, a P/E ratio of 25.45 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. During the same period in the previous year, the company posted $0.12 EPS. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. Research analysts forecast that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.06 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.41%. A10 Networks’s payout ratio is currently 35.82%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ATEN shares. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Friday, November 8th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, BWS Financial increased their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

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.