Quadrature Capital Ltd Sells 34,252 Shares of A10 Networks, Inc. (NYSE:ATEN)

Quadrature Capital Ltd decreased its holdings in A10 Networks, Inc. (NYSE:ATEN) by 68.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,951 shares of the communications equipment provider’s stock after selling 34,252 shares during the period. Quadrature Capital Ltd’s holdings in A10 Networks were worth $230,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ATEN. Guidance Capital Inc. lifted its position in A10 Networks by 2.0% during the third quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 718 shares during the period. Martingale Asset Management L P raised its stake in A10 Networks by 0.8% during the 3rd quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock valued at $1,459,000 after buying an additional 770 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of A10 Networks by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 776 shares during the period. Rhumbline Advisers boosted its stake in shares of A10 Networks by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 203,054 shares of the communications equipment provider’s stock worth $2,812,000 after buying an additional 804 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of A10 Networks by 0.5% in the second quarter. Sei Investments Co. now owns 210,111 shares of the communications equipment provider’s stock worth $2,910,000 after acquiring an additional 987 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 0.7 %

Shares of ATEN opened at $18.52 on Wednesday. The business has a 50-day simple moving average of $15.74 and a two-hundred day simple moving average of $14.40. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $18.63. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 27.64 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $0.12 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.82% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ATEN has been the topic of a number of recent research reports. BWS Financial increased their target price on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Friday, November 8th.

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.