Algert Global LLC Purchases 46,776 Shares of A10 Networks, Inc. (NYSE:ATEN)

Algert Global LLC increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,998 shares of the communications equipment provider’s stock after purchasing an additional 46,776 shares during the period. Algert Global LLC owned 0.62% of A10 Networks worth $6,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in A10 Networks in the 2nd quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in shares of A10 Networks in the 3rd quarter worth about $43,000. Quarry LP bought a new stake in shares of A10 Networks in the 2nd quarter worth about $47,000. nVerses Capital LLC bought a new stake in shares of A10 Networks in the 2nd quarter worth about $105,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of A10 Networks in the 2nd quarter worth about $137,000. 98.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at A10 Networks

In other 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 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 approximately $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.81% of the stock is owned by corporate insiders.

A10 Networks Trading Up 0.4 %

ATEN stock opened at $16.62 on Friday. A10 Networks, Inc. has a 12 month low of $12.10 and a 12 month high of $16.92. The company has a 50-day moving average price of $14.87 and a 200 day moving average price of $14.26. The stock has a market cap of $1.23 billion, a PE ratio of 24.81 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping 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 analysts’ expectations of $63.78 million. During the same period in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.24 annualized dividend and a yield of 1.44%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ATEN. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Friday, November 8th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, BWS Financial boosted 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.

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.