Zurcher Kantonalbank Zurich Cantonalbank Has $310,000 Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,486 shares of the communications equipment provider’s stock after purchasing an additional 2,119 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in A10 Networks were worth $310,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in A10 Networks in the second quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in A10 Networks in the third quarter valued at approximately $43,000. Quarry LP acquired a new stake in A10 Networks in the second quarter valued at approximately $47,000. Quantbot Technologies LP boosted its position in A10 Networks by 95.4% in 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 in the last quarter. Finally, nVerses Capital LLC acquired a new stake in A10 Networks in the second quarter valued at approximately $105,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. This 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 accessible through this link. 5.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ATEN has been the topic of a number of research analyst reports. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, November 8th. Finally, 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 research note on Wednesday, November 13th.

A10 Networks Stock Performance

ATEN stock opened at $18.13 on Monday. The company has a fifty day moving average price of $15.57 and a 200-day moving average price of $14.36. The company has a market capitalization of $1.34 billion, a P/E ratio of 27.06 and a beta of 1.16. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $18.31.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. A10 Networks’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, sell-side analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued 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 payout ratio is 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.