A10 Networks, Inc. (NYSE:ATEN) is MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s 10th Largest Position

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lifted its holdings in A10 Networks, Inc. (NYSE:ATENGet Rating) by 35.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,004,840 shares of the communications equipment provider’s stock after purchasing an additional 263,732 shares during the quarter. A10 Networks accounts for approximately 1.6% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s investment portfolio, making the stock its 10th largest position. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in A10 Networks were worth $14,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATEN. Itau Unibanco Holding S.A. purchased a new position in shares of A10 Networks in the fourth quarter valued at $55,000. Psagot Value Holdings Ltd. Israel bought a new stake in A10 Networks in the fourth quarter worth $58,000. Counterpoint Mutual Funds LLC bought a new stake in shares of A10 Networks during the first quarter worth $65,000. New York State Teachers Retirement System lifted its position in shares of A10 Networks by 48.6% during the first quarter. New York State Teachers Retirement System now owns 5,200 shares of the communications equipment provider’s stock worth $73,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of A10 Networks during the fourth quarter worth $101,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at A10 Networks

In other A10 Networks news, Director Eric Singer sold 135,691 shares of A10 Networks stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $14.78, for a total value of $2,005,512.98. Following the transaction, the director now owns 67,345 shares in the company, valued at $995,359.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $15.13, for a total value of $75,650.00. Following the completion of the transaction, the executive vice president now directly owns 337,825 shares of the company’s stock, valued at $5,111,292.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric Singer sold 135,691 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $14.78, for a total value of $2,005,512.98. Following the completion of the transaction, the director now directly owns 67,345 shares of the company’s stock, valued at $995,359.10. The disclosure for this sale can be found here. Insiders sold 405,580 shares of company stock worth $5,982,868 over the last three months. 14.22% of the stock is owned by corporate insiders.

A10 Networks Price Performance

Shares of NYSE:ATEN traded down $0.08 on Friday, hitting $15.42. 566,568 shares of the company’s stock were exchanged, compared to its average volume of 711,848. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $19.05. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 12.05 and a beta of 0.92. The business’s 50 day simple moving average is $14.51 and its two-hundred day simple moving average is $14.20.

A10 Networks (NYSE:ATENGet Rating) last released its earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. A10 Networks had a return on equity of 19.92% and a net margin of 38.39%. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities analysts forecast that A10 Networks, Inc. will post 0.4 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. A10 Networks’s payout ratio is currently 15.63%.

A10 Networks Profile

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

Further Reading

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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