A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in A10 Networks, Inc. (NYSE:ATEN) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,664 shares of the communications equipment provider’s stock after purchasing an additional 814 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of A10 Networks worth $789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATEN. State Street Corp increased its position in shares of A10 Networks by 2.0% in the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock valued at $45,790,000 after purchasing an additional 62,015 shares during the last quarter. Renaissance Technologies LLC increased its holdings in A10 Networks by 6.3% in the second quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock valued at $31,614,000 after buying an additional 135,800 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in A10 Networks by 18.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock valued at $25,948,000 after buying an additional 286,127 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in A10 Networks by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock worth $25,191,000 after buying an additional 28,150 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after acquiring an additional 1,724,343 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Down 1.6 %

Shares of NYSE ATEN opened at $18.67 on Friday. The business has a 50-day moving average price of $15.92 and a 200 day moving average price of $14.46. The stock has a market cap of $1.38 billion, a PE ratio of 27.87 and a beta of 1.16. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $18.97.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.29%. A10 Networks’s dividend payout ratio is presently 35.82%.

Insider Buying and Selling at A10 Networks

In other A10 Networks 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 value of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares in the company, 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 SEC, which can be accessed through this hyperlink. 5.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.