Algert Global LLC lessened its position in A10 Networks, Inc. (NYSE:ATEN) by 35.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,340 shares of the communications equipment provider’s stock after selling 36,170 shares during the quarter. Algert Global LLC’s holdings in A10 Networks were worth $736,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of A10 Networks by 6.7% during the second quarter. Geode Capital Management LLC now owns 1,104,131 shares of the communications equipment provider’s stock worth $12,432,000 after purchasing an additional 68,970 shares during the period. Vanguard Group Inc. increased its position in shares of A10 Networks by 11.6% during the second quarter. Vanguard Group Inc. now owns 5,376,131 shares of the communications equipment provider’s stock valued at $60,535,000 after acquiring an additional 558,820 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in shares of A10 Networks during the second quarter valued at approximately $386,000. XTX Topco Ltd bought a new stake in shares of A10 Networks during the second quarter valued at approximately $121,000. Finally, Dimensional Fund Advisors LP increased its position in shares of A10 Networks by 39.9% during the second quarter. Dimensional Fund Advisors LP now owns 689,360 shares of the communications equipment provider’s stock valued at $7,763,000 after acquiring an additional 196,603 shares in the last quarter. 86.40% of the stock is currently owned by institutional investors and hedge funds.
ATEN has been the topic of several analyst reports. BWS Financial lifted their price target on shares of A10 Networks from $13.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, June 29th. Craig Hallum began coverage on shares of A10 Networks in a report on Wednesday, June 23rd. They issued a “buy” rating and a $16.00 target price on the stock. Finally, TheStreet upgraded shares of A10 Networks from a “c+” rating to a “b” rating in a report on Wednesday, July 28th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.75.
A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Monday, July 26th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. A10 Networks had a net margin of 10.11% and a return on equity of 24.99%. The firm had revenue of $59.17 million for the quarter, compared to the consensus estimate of $58.22 million. Research analysts anticipate that A10 Networks, Inc. will post 0.31 EPS for the current year.
In other news, EVP Robert D. Cochran sold 2,387 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $13.48, for a total value of $32,176.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dhrupad Trivedi sold 4,597 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $13.34, for a total transaction of $61,323.98. Following the sale, the chief executive officer now owns 454,596 shares of the company’s stock, valued at $6,064,310.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,376 shares of company stock worth $353,201. Insiders own 23.73% of the company’s stock.
A10 Networks Company Profile
A10 Networks, Inc engages in the provision of application networking solutions that help organizations ensure that their data center applications and networks remain available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial of service protection.
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