A10 Networks, Inc. (NYSE:ATEN) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in A10 Networks, Inc. (NYSE:ATEN) by 359.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,607 shares of the communications equipment provider’s stock after purchasing an additional 25,508 shares during the quarter. SG Americas Securities LLC’s holdings in A10 Networks were worth $600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ATEN. MassMutual Private Wealth & Trust FSB boosted its holdings in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 2,000 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks in the third quarter worth approximately $43,000. GAMMA Investing LLC increased its position in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares in the last quarter. Quarry LP acquired a new position in A10 Networks in the 2nd quarter valued at $47,000. Finally, Quantbot Technologies LP raised its stake in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 2,762 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 2.8 %

Shares of NYSE:ATEN opened at $19.87 on Friday. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $19.89. The stock has a market cap of $1.47 billion, a P/E ratio of 29.65 and a beta of 1.14. The business has a fifty day moving average of $18.32 and a two-hundred day moving average of $15.58.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data 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 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 analyst estimates of $63.78 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. A10 Networks’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.6 earnings per share for the current 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 issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. A10 Networks’s dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATEN shares. BWS Financial upped 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. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

Insider Activity

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 transaction of $102,905.40. Following the completion of the sale, the executive vice president now directly owns 23,799 shares in the company, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.81% of the company’s stock.

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.