Jane Street Group LLC Sells 257,923 Shares of A10 Networks, Inc. (NYSE:ATEN)

Jane Street Group LLC decreased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 57.0% during the 3rd quarter, Holdings Channel reports. The fund owned 194,253 shares of the communications equipment provider’s stock after selling 257,923 shares during the quarter. Jane Street Group LLC’s holdings in A10 Networks were worth $2,805,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of A10 Networks by 43,184.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after purchasing an additional 1,724,343 shares during the period. Millennium Management LLC bought a new position in A10 Networks in the second quarter valued at approximately $9,562,000. Harbor Capital Advisors Inc. boosted its holdings in shares of A10 Networks by 175.0% in the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after buying an additional 506,332 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of A10 Networks in the second quarter valued at approximately $4,058,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of A10 Networks by 18.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after acquiring an additional 286,127 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of research analyst reports. BWS Financial upped their target price on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th.

A10 Networks Trading Up 0.7 %

NYSE ATEN opened at $18.52 on Friday. The company has a market cap of $1.37 billion, a PE ratio of 27.64 and a beta of 1.16. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $19.37. The stock has a 50 day moving average of $16.42 and a 200-day moving average of $14.61.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share 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 company had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same period in the previous 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. As a group, sell-side analysts predict that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

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

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 in the company, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.81% of the stock is owned by company insiders.

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.