A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in A10 Networks, Inc. (NYSE:ATEN) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,930 shares of the communications equipment provider’s stock after acquiring an additional 5,454 shares during the quarter. Exchange Traded Concepts LLC owned 0.18% of A10 Networks worth $2,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds 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 worth $29,000. MassMutual Private Wealth & Trust FSB raised its stake in A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in A10 Networks during the 3rd quarter worth about $43,000. GAMMA Investing LLC boosted its position in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 744 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of A10 Networks in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Down 1.0 %

Shares of NYSE ATEN opened at $19.26 on Friday. The business has a 50-day moving average price of $18.17 and a 200 day moving average price of $15.47. The stock has a market cap of $1.42 billion, a PE ratio of 28.74 and a beta of 1.14. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $19.63.

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

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.25%. A10 Networks’s dividend payout ratio is presently 35.82%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ATEN shares. Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday, November 8th. BWS Financial boosted their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 5.81% of the company’s stock.

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.