Weiss Asset Management LP Makes New Investment in A10 Networks, Inc. (NYSE:ATEN)

Weiss Asset Management LP bought a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 158,962 shares of the communications equipment provider's stock, valued at approximately $2,295,000. Weiss Asset Management LP owned approximately 0.22% of A10 Networks at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake in A10 Networks by 15.6% during the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock worth $638,000 after buying an additional 6,217 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of A10 Networks during the 2nd quarter worth $1,201,000. Point72 DIFC Ltd acquired a new position in shares of A10 Networks during the 2nd quarter valued at about $516,000. Quest Partners LLC grew its holdings in shares of A10 Networks by 262.1% in the third quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider's stock valued at $812,000 after purchasing an additional 40,712 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after purchasing an additional 41,141 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Price Performance

Shares of NYSE ATEN traded up $0.01 during midday trading on Friday, hitting $18.13. 648,365 shares of the company's stock were exchanged, compared to its average volume of 724,446. The firm's fifty day simple moving average is $15.57 and its 200-day simple moving average is $14.36. The company has a market cap of $1.34 billion, a PE ratio of 27.06 and a beta of 1.16. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $18.31.

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, 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 firm had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same period last year, the business earned $0.12 EPS. A10 Networks's revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Dividend Announcement

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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a yield of 1.32%. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Analyst Ratings Changes

Several brokerages recently weighed in on ATEN. BWS Financial increased their price objective on A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Craig Hallum downgraded 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, StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.81% of the stock is owned by company insiders.

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.