Verity Asset Management Inc. Sells 1,581 Shares of A10 Networks, Inc. (NYSE:ATEN)

Verity Asset Management Inc. trimmed its stake in A10 Networks, Inc. (NYSE:ATEN) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,291 shares of the communications equipment provider’s stock after selling 1,581 shares during the period. Verity Asset Management Inc. owned approximately 0.11% of A10 Networks worth $1,477,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after buying an additional 89,175 shares during the period. Barclays PLC boosted its holdings in A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after acquiring an additional 106,672 shares during the period. Quest Partners LLC grew its position in A10 Networks by 262.1% in the 3rd quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after acquiring an additional 40,712 shares during the last quarter. Principal Financial Group Inc. increased its stake in A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock worth $5,618,000 after purchasing an additional 41,141 shares during the period. Finally, Systematic Financial Management LP bought a new stake in shares of A10 Networks during the third quarter worth $1,073,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Up 0.6 %

ATEN opened at $19.73 on Tuesday. The business’s fifty day simple moving average is $18.45 and its 200-day simple moving average is $15.67. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.44 and a beta of 1.14. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $20.01.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts predict that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. A10 Networks’s dividend payout ratio is currently 35.82%.

Insiders Place Their Bets

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction dated 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 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 hyperlink. 5.82% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.