Assenagon Asset Management S.A. trimmed its position in A10 Networks, Inc. (NYSE:ATEN – Free Report) by 41.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,696 shares of the communications equipment provider’s stock after selling 264,199 shares during the period. Assenagon Asset Management S.A. owned approximately 0.51% of A10 Networks worth $4,974,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Verity Asset Management Inc. raised its holdings in A10 Networks by 1.7% during the 3rd quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock worth $1,378,000 after buying an additional 1,515 shares during the period. Qube Research & Technologies Ltd raised its holdings in A10 Networks by 38.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 158,383 shares of the communications equipment provider’s stock worth $2,380,000 after buying an additional 43,781 shares during the period. Penserra Capital Management LLC raised its holdings in A10 Networks by 140.7% during the 3rd quarter. Penserra Capital Management LLC now owns 517,002 shares of the communications equipment provider’s stock worth $7,770,000 after buying an additional 302,203 shares during the period. Legal & General Group Plc raised its holdings in A10 Networks by 18.7% during the 3rd quarter. Legal & General Group Plc now owns 1,708,642 shares of the communications equipment provider’s stock worth $25,681,000 after buying an additional 268,642 shares during the period. Finally, Invesco Ltd. raised its holdings in A10 Networks by 38.3% during the 3rd quarter. Invesco Ltd. now owns 570,142 shares of the communications equipment provider’s stock worth $8,569,000 after buying an additional 158,022 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at A10 Networks
In related news, CEO Dhrupad Trivedi sold 8,809 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $14.03, for a total value of $123,590.27. Following the completion of the transaction, the chief executive officer now directly owns 483,005 shares of the company’s stock, valued at $6,776,560.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other A10 Networks news, CFO Brian Becker sold 2,047 shares of A10 Networks stock in a transaction on Monday, February 5th. The shares were sold at an average price of $13.06, for a total transaction of $26,733.82. Following the completion of the transaction, the chief financial officer now directly owns 49,252 shares of the company’s stock, valued at $643,231.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dhrupad Trivedi sold 8,809 shares of A10 Networks stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $14.03, for a total transaction of $123,590.27. Following the transaction, the chief executive officer now directly owns 483,005 shares of the company’s stock, valued at $6,776,560.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,828 shares of company stock valued at $2,032,990. 5.81% of the stock is owned by corporate insiders.
A10 Networks Price Performance
Shares of ATEN traded down $0.01 during mid-day trading on Monday, hitting $13.68. 364,477 shares of the company’s stock were exchanged, compared to its average volume of 716,688. The company has a market cap of $1.02 billion, a PE ratio of 25.81 and a beta of 1.10. A10 Networks, Inc. has a 52 week low of $10.03 and a 52 week high of $15.99. The company has a 50-day simple moving average of $13.49 and a 200 day simple moving average of $12.96.
A10 Networks (NYSE:ATEN – Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The business had revenue of $70.42 million for the quarter, compared to the consensus estimate of $76.95 million. On average, analysts anticipate that A10 Networks, Inc. will post 0.66 earnings per share for the current year.
A10 Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.75%. A10 Networks’s dividend payout ratio is presently 45.28%.
Analyst Ratings Changes
Separately, BWS Financial raised their target price on shares of A10 Networks from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th.
Check Out Our Latest Stock Analysis on ATEN
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.
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