UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in A10 Networks, Inc. (NYSE:ATEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in A10 Networks, Inc. (NYSE:ATEN) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,385 shares of the communications equipment provider’s stock after selling 17,873 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in A10 Networks were worth $2,619,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in A10 Networks during the 2nd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks in the third quarter valued at $43,000. Quarry LP purchased a new position in A10 Networks in the second quarter valued at $47,000. Quantbot Technologies LP grew its stake in A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in A10 Networks during the 2nd quarter worth about $105,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several recent research reports. Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Friday, November 8th. BWS Financial raised their target price 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. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

A10 Networks Stock Performance

NYSE:ATEN opened at $18.67 on Friday. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $18.97. The stock has a market cap of $1.38 billion, a P/E ratio of 27.87 and a beta of 1.16. The stock has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $14.48.

A10 Networks (NYSE:ATEN) last announced its quarterly 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. 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 the consensus estimate of $63.78 million. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Dividend Announcement

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

Insider Activity at A10 Networks

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 transaction, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.81% of the stock is owned by corporate insiders.

About A10 Networks

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.