Banque Cantonale Vaudoise Acquires 33,359 Shares of A10 Networks, Inc. (NYSE:ATEN)

Banque Cantonale Vaudoise increased its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 32.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 135,366 shares of the communications equipment provider’s stock after purchasing an additional 33,359 shares during the period. Banque Cantonale Vaudoise’s holdings in A10 Networks were worth $1,955,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock valued at $97,245,000 after purchasing an additional 35,010 shares in the last quarter. Renaissance Technologies LLC raised its position in A10 Networks by 6.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock valued at $31,614,000 after buying an additional 135,800 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in A10 Networks by 18.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock valued at $25,948,000 after buying an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP raised its position in A10 Networks by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock valued at $25,191,000 after buying an additional 28,150 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in A10 Networks by 43,184.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after buying an additional 1,724,343 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 0.5 %

NYSE:ATEN opened at $16.48 on Thursday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.60 and a beta of 1.11. A10 Networks, Inc. has a twelve month low of $11.99 and a twelve month high of $16.92. The stock’s 50 day moving average price is $14.67 and its two-hundred day moving average price is $14.22.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. A10 Networks’s dividend payout ratio is currently 35.82%.

Insider Transactions at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. BWS Financial lifted their target price on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th.

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.