A10 Networks, Inc. (NYSE:ATEN) Holdings Trimmed by Jane Street Group LLC

Jane Street Group LLC reduced its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 57.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,253 shares of the communications equipment provider's stock after selling 257,923 shares during the period. Jane Street Group LLC owned approximately 0.26% of A10 Networks worth $2,805,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of A10 Networks in the second quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in A10 Networks in the 3rd quarter worth approximately $43,000. Quarry LP acquired a new stake in A10 Networks in the second quarter valued at approximately $47,000. Quantbot Technologies LP raised its stake 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 purchasing an additional 2,762 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of A10 Networks during the second quarter worth $105,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Price Performance

ATEN traded up $0.12 during trading on Friday, hitting $18.52. The company had a trading volume of 3,811,781 shares, compared to its average volume of 733,809. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $19.37. The company has a market cap of $1.37 billion, a PE ratio of 27.64 and a beta of 1.16. The business has a 50-day moving average of $16.42 and a 200-day moving average of $14.62.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The business had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The company's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. Research analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATEN. BWS Financial raised their price target on shares of 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 report on Wednesday, October 16th. Finally, Craig Hallum cut 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.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of the 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 sale, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.81% of the company's stock.

A10 Networks Company 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.