UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in A10 Networks, Inc. (NYSE:ATEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 9.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 181,385 shares of the communications equipment provider’s stock after selling 17,873 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of A10 Networks worth $2,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of A10 Networks during the 2nd quarter worth about $1,201,000. 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 buying an additional 308,000 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in A10 Networks by 55.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 130,132 shares of the communications equipment provider’s stock valued at $1,802,000 after acquiring an additional 46,489 shares during the period. Miller Howard Investments Inc. NY increased its holdings in A10 Networks by 30.5% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 41,668 shares of the communications equipment provider’s stock worth $577,000 after acquiring an additional 9,729 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in A10 Networks by 7.4% during the second quarter. Panagora Asset Management Inc. now owns 92,099 shares of the communications equipment provider’s stock worth $1,276,000 after acquiring an additional 6,311 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Ratings Changes

ATEN has been the topic of several research analyst reports. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Friday, November 8th. Finally, BWS Financial raised their target price on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction 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 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 ownership of the stock. The transaction 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 insiders.

A10 Networks Stock Down 1.6 %

A10 Networks stock opened at $18.67 on Friday. The company has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $14.48. The firm has a market capitalization of $1.38 billion, a price-to-earnings 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 released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share 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 business’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, research analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. A10 Networks’s payout ratio is 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.