A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. cut its holdings in A10 Networks, Inc. (NYSE:ATEN) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 80,291 shares of the communications equipment provider’s stock after selling 1,581 shares during the quarter. Verity Asset Management Inc.’s holdings in A10 Networks were worth $1,477,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its position in A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 2,000 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks during the third quarter worth about $43,000. GAMMA Investing LLC boosted its holdings in A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 744 shares during the last quarter. Quantbot Technologies LP grew its position in A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares during the period. Finally, KBC Group NV raised its stake in shares of A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after buying an additional 2,251 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insider Buying and Selling

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.82% of the stock is currently owned by company insiders.

A10 Networks Price Performance

NYSE ATEN opened at $19.73 on Tuesday. The stock’s 50 day simple moving average is $18.45 and its 200-day simple moving average is $15.67. The company has a market cap of $1.46 billion, a PE ratio of 29.44 and a beta of 1.14. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $20.01.

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

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, November 18th. A10 Networks’s dividend payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Friday, November 8th. BWS Financial increased their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

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.