BNP Paribas Financial Markets Sells 26,926 Shares of A10 Networks, Inc. (NYSE:ATEN)

BNP Paribas Financial Markets trimmed its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 38.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 owned 0.06% of A10 Networks worth $609,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ATEN. Quantbot Technologies LP boosted its holdings in A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after purchasing an additional 2,762 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of A10 Networks by 9.4% in the third quarter. Fisher Asset Management LLC now owns 99,243 shares of the communications equipment provider's stock worth $1,433,000 after buying an additional 8,533 shares during the last quarter. Algert Global LLC boosted its stake in shares of A10 Networks by 11.4% during the 3rd quarter. Algert Global LLC now owns 455,998 shares of the communications equipment provider's stock worth $6,585,000 after acquiring an additional 46,776 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of A10 Networks by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,920 shares of the communications equipment provider's stock valued at $9,399,000 after acquiring an additional 41,895 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of A10 Networks during the 3rd quarter valued at about $284,000. Institutional investors and hedge funds own 98.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ATEN. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Craig Hallum lowered A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price target for the company. in a report on Friday, November 8th. Finally, BWS Financial upped their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded down $0.30 during trading on Friday, hitting $18.67. 457,565 shares of the stock were exchanged, compared to its average volume of 716,637. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 27.87 and a beta of 1.16. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $18.97. The company's fifty day simple moving average is $15.92 and its 200-day simple moving average is $14.46.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. 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 previous year, the company earned $0.12 earnings per share. The business's revenue was up 15.5% compared to the same quarter last year. On average, research analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Insiders Place Their Bets

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction on 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 directly owns 23,799 shares of the company's stock, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.81% of the company's stock.

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.