A10 Networks, Inc. (NYSE:ATEN) Holdings Lifted by Royce & Associates LP

Royce & Associates LP boosted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 12.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 842,656 shares of the communications equipment provider’s stock after buying an additional 94,710 shares during the quarter. Royce & Associates LP owned 1.14% of A10 Networks worth $12,168,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ATEN. Canada Pension Plan Investment Board purchased a new stake in shares of A10 Networks during the second quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in shares of A10 Networks during the third quarter valued at $43,000. Quarry LP purchased a new stake in shares of A10 Networks during the second quarter valued at $47,000. nVerses Capital LLC purchased a new stake in shares of A10 Networks during the second quarter valued at $105,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of A10 Networks during the second quarter valued at $137,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Down 0.7 %

Shares of A10 Networks stock opened at $16.44 on Friday. The stock has a 50-day moving average price of $14.54 and a 200 day moving average price of $14.20. The company has a market cap of $1.21 billion, a P/E ratio of 24.54 and a beta of 1.11. A10 Networks, Inc. has a 1 year low of $11.83 and a 1 year high of $16.92.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping 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 company had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. During the same period last year, the business earned $0.12 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts forecast that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Analyst Ratings Changes

ATEN has been the subject of several analyst reports. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BWS Financial increased their price objective on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Craig Hallum downgraded 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.

Insider Transactions at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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 $397,443.30. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.81% of the company’s stock.

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.