A10 Networks, Inc. (NYSE:ATEN) Stock Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in A10 Networks, Inc. (NYSE:ATEN) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,274 shares of the communications equipment provider’s stock after selling 1,105 shares during the quarter. Hsbc Holdings PLC’s holdings in A10 Networks were worth $169,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of A10 Networks during the second quarter worth $105,000. Meeder Asset Management Inc. acquired a new stake in shares of A10 Networks during the 2nd quarter valued at about $137,000. Picton Mahoney Asset Management bought a new stake in shares of A10 Networks in the 2nd quarter valued at approximately $148,000. ProShare Advisors LLC increased its holdings in A10 Networks by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares during the last quarter. Finally, Quest Partners LLC raised its position in A10 Networks by 14,693.3% during the second quarter. Quest Partners LLC now owns 15,533 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 15,428 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Trading Up 1.1 %

Shares of A10 Networks stock opened at $14.31 on Friday. A10 Networks, Inc. has a 1-year low of $10.55 and a 1-year high of $16.46. The firm has a fifty day simple moving average of $13.45 and a 200-day simple moving average of $13.87. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 23.46 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $60.10 million for the quarter, compared to analyst estimates of $64.30 million. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, research analysts predict that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.68%. A10 Networks’s payout ratio is 39.34%.

Wall Street Analyst Weigh In

Several analysts have commented on ATEN shares. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Friday. BWS Financial reissued a “buy” rating and set a $17.00 target price on shares of A10 Networks in a research report on Tuesday, July 9th.

A10 Networks 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.