BNP Paribas Financial Markets Trims Holdings in A10 Networks, Inc. (NYSE:ATEN)

BNP Paribas Financial Markets decreased its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 38.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 42,207 shares of the communications equipment provider’s stock after selling 26,926 shares during the period. BNP Paribas Financial Markets’ holdings in A10 Networks were worth $609,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in shares of A10 Networks by 43,184.1% in the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after buying an additional 1,724,343 shares in the last quarter. Millennium Management LLC purchased a new position in shares of A10 Networks during the second quarter worth about $9,562,000. Harbor Capital Advisors Inc. raised its stake in A10 Networks by 175.0% in the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after purchasing an additional 506,332 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in A10 Networks by 48.2% during the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock valued at $13,114,000 after purchasing an additional 308,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in A10 Networks in the 2nd quarter worth approximately $4,058,000. Institutional investors own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In other A10 Networks 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 value of $102,905.40. Following the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ATEN has been the topic of several research reports. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Friday, November 8th. BWS Financial boosted their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

A10 Networks Stock Up 1.9 %

NYSE:ATEN opened at $18.97 on Friday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 28.31 and a beta of 1.16. The company’s 50 day moving average price is $15.92 and its 200-day moving average price is $14.46. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $18.97.

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

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. A10 Networks’s payout ratio is 35.82%.

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.