A10 Networks, Inc. (NYSE:ATEN) Position Raised by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 8.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,120 shares of the communications equipment provider’s stock after acquiring an additional 1,753 shares during the period. HighTower Advisors LLC’s holdings in A10 Networks were worth $340,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ATEN. Canada Pension Plan Investment Board acquired a new position in A10 Networks during the 2nd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in shares of A10 Networks during the third quarter valued at approximately $43,000. Quarry LP acquired a new position in shares of A10 Networks during the second quarter worth approximately $47,000. Quantbot Technologies LP grew its holdings in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 2,762 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in A10 Networks in the 2nd quarter worth approximately $105,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insider Buying and Selling at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction dated 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. This trade represents a 20.57 % decrease in their position. The sale 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 note on Wednesday, November 13th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Finally, Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, November 8th.

A10 Networks Stock Up 0.7 %

NYSE:ATEN opened at $18.52 on Monday. The business’s 50-day moving average price is $16.42 and its 200 day moving average price is $14.62. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $19.37. The firm has a market cap of $1.37 billion, a P/E ratio of 27.64 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current 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 $0.06 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.30%. A10 Networks’s dividend payout ratio is currently 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.