AtonRa Partners Reduces Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

AtonRa Partners lessened its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.4% during the 4th 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of A10 Networks during the third quarter valued at approximately $181,000. Meeder Asset Management Inc. purchased a new stake in A10 Networks in the fourth quarter worth $163,000. Harbor Capital Advisors Inc. lifted its position in shares of A10 Networks by 6.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock worth $176,000 after purchasing an additional 816 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of A10 Networks during the third quarter worth $227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of A10 Networks by 65.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,595 shares of the communications equipment provider’s stock valued at $234,000 after purchasing an additional 6,161 shares during the period. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Down 0.8 %

Shares of NYSE ATEN traded down $0.11 during trading hours on Tuesday, reaching $13.29. The stock had a trading volume of 68,796 shares, compared to its average volume of 641,308. A10 Networks, Inc. has a 52-week low of $10.03 and a 52-week high of $15.99. The firm has a market cap of $990.11 million, a price-to-earnings ratio of 25.28 and a beta of 1.10. The business’s fifty day moving average price is $13.50 and its two-hundred day moving average price is $12.91.

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

A10 Networks Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total transaction of $193,950.00. Following the transaction, the chief financial officer now directly owns 34,252 shares of the company’s stock, valued at $442,878.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other A10 Networks news, CEO Dhrupad Trivedi sold 28,957 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.21, for a total value of $382,521.97. Following the completion of the transaction, the chief executive officer now directly owns 565,099 shares in the company, valued at $7,464,957.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Becker sold 15,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total transaction of $193,950.00. Following the sale, the chief financial officer now directly owns 34,252 shares of the company’s stock, valued at $442,878.36. The disclosure for this sale can be found here. Insiders have sold a total of 121,146 shares of company stock worth $1,598,166 in the last three months. Corporate insiders own 5.82% of the company’s stock.

A10 Networks 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.