Banque Cantonale Vaudoise Buys New Shares in A10 Networks, Inc. (NYSE:ATEN)

Key Points

• Banque Cantonale Vaudoise purchased 123,203 shares of A10 Networks, valued at approximately $2,013,000, increasing its stake in the company to 0.17% as disclosed in a recent SEC filing.
• A10 Networks recently announced a quarterly dividend of $0.06 per share, translating to an annualized dividend yield of 1.29% and a payout ratio of 35.82%.
• Analysts generally rate A10 Networks as a "Moderate Buy," with a consensus price target of $22.00, reflecting optimism about the company's future performance.

Banque Cantonale Vaudoise purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 123,203 shares of the communications equipment provider's stock, valued at approximately $2,013,000. Banque Cantonale Vaudoise owned 0.17% of A10 Networks at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Federated Hermes Inc. increased its position in A10 Networks by 1.8% during the first quarter. Federated Hermes Inc. now owns 45,488 shares of the communications equipment provider's stock worth $743,000 after buying an additional 783 shares during the period. Picton Mahoney Asset Management increased its position in A10 Networks by 166.2% during the first quarter. Picton Mahoney Asset Management now owns 85,318 shares of the communications equipment provider's stock worth $1,394,000 after buying an additional 53,271 shares during the period. Bryce Point Capital LLC acquired a new position in A10 Networks during the first quarter worth approximately $721,000. Pacer Advisors Inc. grew its stake in shares of A10 Networks by 215.2% in the 1st quarter. Pacer Advisors Inc. now owns 28,725 shares of the communications equipment provider's stock valued at $469,000 after purchasing an additional 19,611 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of A10 Networks in the 1st quarter valued at approximately $2,281,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total value of $43,150.00. Following the completion of the transaction, the general counsel directly owned 61,007 shares of the company's stock, valued at $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ATEN. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a research note on Saturday. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a research note on Friday, June 27th. They issued a "buy" rating and a $22.00 price target on the stock. Raymond James Financial started coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, Mizuho started coverage on A10 Networks in a research note on Monday, July 14th. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, A10 Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Price Performance

ATEN traded down $0.67 during trading on Friday, reaching $17.75. 693,229 shares of the stock were exchanged, compared to its average volume of 814,011. The business's 50 day moving average price is $18.41 and its two-hundred day moving average price is $18.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 4.21 and a beta of 1.35. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. A10 Networks's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Company 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.