Counterpoint Mutual Funds LLC raised its stake in A10 Networks, Inc. (NYSE:ATEN – Free Report) by 134.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,761 shares of the communications equipment provider’s stock after buying an additional 7,898 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in A10 Networks were worth $201,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATEN. JPMorgan Chase & Co. raised its position in A10 Networks by 11.6% during the first quarter. JPMorgan Chase & Co. now owns 1,014,465 shares of the communications equipment provider’s stock valued at $14,151,000 after acquiring an additional 105,120 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of A10 Networks by 8.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,971,858 shares of the communications equipment provider’s stock valued at $27,508,000 after purchasing an additional 148,301 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of A10 Networks in the 1st quarter valued at $141,000. US Bancorp DE boosted its holdings in A10 Networks by 50.7% in the first quarter. US Bancorp DE now owns 35,999 shares of the communications equipment provider’s stock worth $502,000 after purchasing an additional 12,112 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in A10 Networks by 55.4% during the first quarter. MetLife Investment Management LLC now owns 32,698 shares of the communications equipment provider’s stock worth $456,000 after buying an additional 11,660 shares during the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.
A10 Networks Stock Performance
A10 Networks stock opened at $14.59 on Thursday. A10 Networks, Inc. has a 52 week low of $12.76 and a 52 week high of $19.79. The firm has a market capitalization of $1.08 billion, a PE ratio of 24.53 and a beta of 1.01. The business’s 50-day simple moving average is $14.87 and its 200-day simple moving average is $14.66.
A10 Networks (NYSE:ATEN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. A10 Networks had a return on equity of 23.20% and a net margin of 16.74%. The company had revenue of $65.82 million during the quarter, compared to analyst estimates of $62.38 million. Research analysts forecast that A10 Networks, Inc. will post 0.65 earnings per share for the current year.
A10 Networks Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, August 14th. A10 Networks’s dividend payout ratio is currently 40.00%.
Insider Activity at A10 Networks
In other A10 Networks news, CEO Dhrupad Trivedi sold 6,622 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $15.10, for a total value of $99,992.20. Following the completion of the transaction, the chief executive officer now owns 507,543 shares of the company’s stock, valued at approximately $7,663,899.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Dhrupad Trivedi sold 6,622 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $15.10, for a total transaction of $99,992.20. Following the completion of the transaction, the chief executive officer now directly owns 507,543 shares of the company’s stock, valued at approximately $7,663,899.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Robert Scott Weber sold 1,860 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $15.48, for a total value of $28,792.80. Following the completion of the sale, the general counsel now owns 19,132 shares in the company, valued at $296,163.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,122 shares of company stock worth $1,131,591. Company insiders own 5.81% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of A10 Networks in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
A10 Networks Profile
A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider A10 Networks, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and A10 Networks wasn’t on the list.
While A10 Networks currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.