A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in A10 Networks, Inc. (NYSE:ATEN) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,120 shares of the communications equipment provider’s stock after purchasing an additional 1,753 shares during the period. HighTower Advisors LLC’s holdings in A10 Networks were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ATEN. Canada Pension Plan Investment Board purchased a new stake in shares of A10 Networks during the 2nd quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in A10 Networks in the third quarter valued at $43,000. Quarry LP purchased a new stake in A10 Networks during the second quarter valued at about $47,000. Quantbot Technologies LP increased its stake in A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 2,762 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of A10 Networks in the 2nd quarter worth about $105,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Up 0.7 %

NYSE ATEN opened at $18.52 on Monday. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.37. The business has a 50 day moving average price of $16.42 and a two-hundred day moving average price of $14.62. The stock has a market cap of $1.37 billion, a PE ratio of 27.64 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio is presently 35.82%.

Insider Transactions at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the business’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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATEN. StockNews.com upgraded 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 price objective for the company. in a research note on Friday, November 8th. Finally, BWS Financial raised 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.

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.