Banque Cantonale Vaudoise Has $1.96 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

Banque Cantonale Vaudoise grew its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,366 shares of the communications equipment provider's stock after purchasing an additional 33,359 shares during the period. Banque Cantonale Vaudoise owned about 0.18% of A10 Networks worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp raised its position in A10 Networks by 15.6% in the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock valued at $638,000 after purchasing an additional 6,217 shares during the last quarter. SG Americas Securities LLC acquired a new stake in A10 Networks during the 2nd quarter worth approximately $1,201,000. Point72 DIFC Ltd bought a new stake in A10 Networks during the 2nd quarter worth approximately $516,000. ProShare Advisors LLC increased its position in A10 Networks by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider's stock valued at $195,000 after acquiring an additional 984 shares during the period. Finally, Millennium Management LLC bought a new position in shares of A10 Networks during the second quarter valued at $9,562,000. 98.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on ATEN shares. BWS Financial increased their price objective on A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Finally, Craig Hallum lowered A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the company'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 transaction of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares of the company's stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.82% of the stock is owned by insiders.

A10 Networks Stock Up 0.5 %

Shares of NYSE ATEN opened at $16.48 on Thursday. The company has a market capitalization of $1.22 billion, a PE ratio of 24.60 and a beta of 1.11. A10 Networks, Inc. has a twelve month low of $11.99 and a twelve month high of $16.92. The firm has a fifty day simple moving average of $14.67 and a 200 day simple moving average of $14.22.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. As a group, equities analysts expect that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.46%. A10 Networks's payout ratio is presently 35.82%.

A10 Networks 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.