Quadrature Capital Ltd Has $230,000 Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Quadrature Capital Ltd lessened its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 68.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,951 shares of the communications equipment provider's stock after selling 34,252 shares during the period. Quadrature Capital Ltd's holdings in A10 Networks were worth $230,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its position in A10 Networks by 8.2% during the third quarter. HighTower Advisors LLC now owns 23,120 shares of the communications equipment provider's stock worth $340,000 after purchasing an additional 1,753 shares during the period. Walleye Capital LLC bought a new position in A10 Networks during the 3rd quarter worth $179,000. Martingale Asset Management L P lifted its holdings in shares of A10 Networks by 0.8% during the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider's stock worth $1,459,000 after buying an additional 770 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of A10 Networks by 1.8% in the third quarter. Public Sector Pension Investment Board now owns 156,734 shares of the communications equipment provider's stock valued at $2,263,000 after acquiring an additional 2,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of A10 Networks by 10.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,486 shares of the communications equipment provider's stock valued at $310,000 after acquiring an additional 2,119 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATEN. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Craig Hallum cut shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 target price for the company. in a report on Friday, November 8th. Finally, BWS Financial lifted 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.

Insiders Place Their Bets

In related 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 transaction of $102,905.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.82% of the company's stock.

A10 Networks Stock Up 0.8 %

A10 Networks stock traded up $0.15 during trading hours on Wednesday, hitting $18.67. The stock had a trading volume of 324,285 shares, compared to its average volume of 716,744. The business's 50 day simple moving average is $15.74 and its 200-day simple moving average is $14.40. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $18.73. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 27.64 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $63.78 million. During the same period last year, the company earned $0.12 EPS. The firm's revenue was up 15.5% compared to the same quarter last year. Research analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.29%. The ex-dividend date was Monday, November 18th. A10 Networks's dividend payout ratio is currently 35.82%.

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.