A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Creative Planning

Creative Planning lessened its stake in A10 Networks, Inc. (NYSE:ATEN) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,514 shares of the communications equipment provider’s stock after selling 2,017 shares during the period. Creative Planning’s holdings in A10 Networks were worth $152,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in A10 Networks during the 2nd quarter worth approximately $29,000. Quarry LP acquired a new position in A10 Networks during the 2nd quarter worth approximately $47,000. nVerses Capital LLC acquired a new position in A10 Networks during the 2nd quarter worth approximately $105,000. Meeder Asset Management Inc. acquired a new position in A10 Networks during the 2nd quarter worth approximately $137,000. Finally, Picton Mahoney Asset Management acquired a new position in A10 Networks during the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ATEN shares. Craig Hallum cut 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. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $16.64 on Tuesday. The business’s 50 day simple moving average is $14.23 and its 200-day simple moving average is $14.10. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.81 and a beta of 1.11. A10 Networks, Inc. has a 12 month low of $11.83 and a 12 month high of $16.71.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a return on equity of 22.83% and a net margin of 19.29%. The firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same quarter in the prior year, the company earned $0.12 EPS. A10 Networks’s revenue was up 15.5% on a year-over-year basis. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, November 18th. A10 Networks’s payout ratio is currently 35.82%.

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.