Stoneridge Investment Partners LLC bought a new position in A10 Networks, Inc. (NYSE:ATEN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,479 shares of the communications equipment provider’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ATEN. Bank of New York Mellon Corp grew its stake in shares of A10 Networks by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 209,963 shares of the communications equipment provider’s stock worth $1,921,000 after purchasing an additional 8,036 shares during the last quarter. Swiss National Bank grew its stake in shares of A10 Networks by 7.5% in the first quarter. Swiss National Bank now owns 77,500 shares of the communications equipment provider’s stock worth $709,000 after purchasing an additional 5,400 shares during the last quarter. American International Group Inc. grew its stake in shares of A10 Networks by 7.1% in the first quarter. American International Group Inc. now owns 27,138 shares of the communications equipment provider’s stock worth $248,000 after purchasing an additional 1,792 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of A10 Networks by 9.7% in the first quarter. Teachers Advisors LLC now owns 309,026 shares of the communications equipment provider’s stock worth $2,828,000 after purchasing an additional 27,293 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of A10 Networks by 17.1% in the first quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock worth $30,879,000 after purchasing an additional 493,877 shares during the last quarter. 55.55% of the stock is currently owned by institutional investors.

Shares of A10 Networks, Inc. (NYSE ATEN) opened at $7.26 on Friday. A10 Networks, Inc. has a 12-month low of $6.02 and a 12-month high of $9.94.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $59.46 million. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. A10 Networks’s revenue was up 11.4% on a year-over-year basis. equities analysts forecast that A10 Networks, Inc. will post -0.21 EPS for the current year.

A10 Networks declared that its board has initiated a stock buyback plan on Thursday, October 26th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Several analysts recently issued reports on the company. Zacks Investment Research raised A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 target price on the stock in a research note on Tuesday, October 17th. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Bank of America Corporation cut their price objective on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Friday, July 14th. Finally, DA Davidson lifted their price objective on A10 Networks to $9.00 and gave the company a “buy” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.13.

ILLEGAL ACTIVITY NOTICE: “Stoneridge Investment Partners LLC Takes Position in A10 Networks, Inc. (ATEN)” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/11/11/stoneridge-investment-partners-llc-takes-position-in-a10-networks-inc-aten.html.

In other news, Director Alan S. Henricks sold 10,000 shares of A10 Networks stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $6.40, for a total transaction of $64,000.00. Following the completion of the transaction, the director now directly owns 64,571 shares in the company, valued at $413,254.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $6.41, for a total transaction of $160,250.00. Following the transaction, the chief executive officer now owns 10,486,538 shares of the company’s stock, valued at $67,218,708.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 405,793 shares of company stock worth $2,846,803. Insiders own 34.05% of the company’s stock.

A10 Networks Profile

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

Want to see what other hedge funds are holding ATEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A10 Networks, Inc. (NYSE:ATEN).

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

Receive News & Ratings for A10 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.