Centiva Capital LP Reduces Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Centiva Capital LP decreased its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 80.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,350 shares of the communications equipment provider's stock after selling 55,233 shares during the quarter. Centiva Capital LP's holdings in A10 Networks were worth $193,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ATEN. Canada Pension Plan Investment Board purchased a new stake in shares of A10 Networks in the second quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in A10 Networks in the 3rd quarter worth about $43,000. Quarry LP bought a new stake in A10 Networks in the second quarter worth about $47,000. Quantbot Technologies LP boosted its position in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock valued at $82,000 after buying an additional 2,762 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of A10 Networks during the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Stock Down 1.6 %

NYSE:ATEN traded down $0.30 during midday trading on Friday, hitting $18.67. The stock had a trading volume of 457,565 shares, compared to its average volume of 716,637. The stock has a 50-day moving average of $15.92 and a 200 day moving average of $14.46. 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 one year low of $12.27 and a one year high of $18.97.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same quarter last year, the firm posted $0.12 earnings per share. The business's revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, November 18th were given a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. A10 Networks's payout ratio is presently 35.82%.

Insider Activity

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. BWS Financial boosted their target price on shares of A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, 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.

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.