Centiva Capital LP Decreases Position in A10 Networks, Inc. (NYSE:ATEN)

Centiva Capital LP lessened its stake in A10 Networks, Inc. (NYSE:ATEN) by 80.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,350 shares of the communications equipment provider’s stock after selling 55,233 shares during the quarter. Centiva Capital LP’s holdings in A10 Networks were worth $193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ATEN. Walleye Capital LLC acquired a new stake in A10 Networks during the third quarter valued at approximately $179,000. Martingale Asset Management L P lifted its position in shares of A10 Networks by 0.8% in the 3rd quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock worth $1,459,000 after buying an additional 770 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of A10 Networks by 1.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 156,734 shares of the communications equipment provider’s stock valued at $2,263,000 after buying an additional 2,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in A10 Networks by 10.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,486 shares of the communications equipment provider’s stock worth $310,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of A10 Networks by 95.4% during the third 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. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ATEN. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Friday, November 8th. BWS Financial lifted their price target 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, StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction dated 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 owns 23,799 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 5.81% of the stock is owned by insiders.

A10 Networks Stock Performance

A10 Networks stock opened at $18.97 on Friday. The firm’s 50 day moving average price is $15.92 and its two-hundred day moving average price is $14.46. The firm has a market cap of $1.40 billion, a PE ratio of 28.31 and a beta of 1.16. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $18.97.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data 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 return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a yield of 1.27%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

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.