State Street Corp Buys 62,015 Shares of A10 Networks, Inc. (NYSE:ATEN)

State Street Corp increased its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,171,077 shares of the communications equipment provider’s stock after acquiring an additional 62,015 shares during the quarter. State Street Corp’s holdings in A10 Networks were worth $45,790,000 at the end of the most recent quarter.

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

Insider Transactions at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the company’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 transaction, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.81% of the company’s stock.

A10 Networks Trading Up 0.5 %

ATEN opened at $18.40 on Friday. The stock has a 50-day moving average of $16.35 and a 200 day moving average of $14.59. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $19.37. The firm has a market cap of $1.36 billion, a P/E ratio of 27.46 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $63.78 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, research analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, BWS Financial increased their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

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.