Charles Schwab Investment Management Inc. lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 650,920 shares of the communications equipment provider's stock after acquiring an additional 41,895 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of A10 Networks worth $9,399,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of ATEN. Mackenzie Financial Corp grew its position in A10 Networks by 15.6% in the 2nd quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock valued at $638,000 after buying an additional 6,217 shares in the last quarter. SG Americas Securities LLC bought a new position in A10 Networks in the 2nd quarter valued at about $1,201,000. Point72 DIFC Ltd bought a new position in A10 Networks in the 2nd quarter valued at about $516,000. Quest Partners LLC grew its position in A10 Networks by 262.1% in the 3rd quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider's stock valued at $812,000 after buying an additional 40,712 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in A10 Networks by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after buying an additional 41,141 shares in the last quarter. Institutional investors own 98.61% of the company's stock.
Wall Street Analysts Forecast Growth
ATEN has been the subject of a number of analyst reports. Craig Hallum lowered shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective for the company. in a research note on Friday, November 8th. BWS Financial increased their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock 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 report on Wednesday, October 16th.
Check Out Our Latest Research Report on A10 Networks
Insider Activity
In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the firm's 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. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.82% of the company's stock.
A10 Networks Price Performance
ATEN traded up $0.12 during midday trading on Tuesday, hitting $18.52. 733,437 shares of the company's stock traded hands, compared to its average volume of 718,509. The company has a market cap of $1.37 billion, a PE ratio of 27.46 and a beta of 1.16. The stock's fifty day simple moving average is $15.65 and its 200-day simple moving average is $14.38. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $18.63.
A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same quarter in the previous year, the business earned $0.12 EPS. A10 Networks's quarterly revenue was up 15.5% compared to the same quarter last year. On average, research analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current year.
A10 Networks Dividend Announcement
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 1.30%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.
A10 Networks Profile
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Free Report)
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.
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