Victory Capital Management Inc. Has $2.87 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

Victory Capital Management Inc. grew its holdings in A10 Networks, Inc. (NYSE:ATEN) by 38.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,801 shares of the communications equipment provider’s stock after purchasing an additional 55,302 shares during the period. Victory Capital Management Inc. owned about 0.27% of A10 Networks worth $2,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after buying an additional 35,010 shares during the last quarter. Renaissance Technologies LLC increased its holdings in A10 Networks by 6.3% during the second quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock worth $31,614,000 after buying an additional 135,800 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in A10 Networks by 18.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after buying an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in A10 Networks by 1.6% during the second 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. increased its holdings in A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after buying an additional 1,724,343 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.81% of the stock is currently owned by company insiders.

A10 Networks Price Performance

ATEN stock opened at $16.62 on Friday. The company has a fifty day moving average price of $14.87 and a two-hundred day moving average price of $14.26. A10 Networks, Inc. has a one year low of $12.10 and a one year high of $16.92. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 24.76 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data 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 firm had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

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

Analyst Upgrades and Downgrades

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

About A10 Networks

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.