A10 Networks, Inc. (NYSE:ATEN) Stock Position Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 38.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,207 shares of the communications equipment provider’s stock after selling 26,926 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of A10 Networks worth $609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in shares of A10 Networks by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock valued at $31,614,000 after purchasing an additional 135,800 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake 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 valued at $25,948,000 after purchasing an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP grew its position in A10 Networks by 1.6% in 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. Pacer Advisors Inc. increased its holdings in shares of A10 Networks by 43,184.1% in the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after buying an additional 1,724,343 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of A10 Networks by 48.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock valued at $13,114,000 after acquiring an additional 308,000 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Price Performance

Shares of ATEN stock opened at $18.97 on Friday. The stock’s fifty day simple moving average is $15.92 and its 200 day simple moving average is $14.46. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $18.97. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 28.31 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business 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 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, research analysts anticipate that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio is currently 35.82%.

Insider Buying and Selling

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports 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. BWS Financial boosted their target price on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, November 8th.

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.