294,920 Shares in A10 Networks, Inc. $ATEN Acquired by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC has acquired a new position in A10 Networks, purchasing 294,920 shares valued at approximately $4.8 million.
• A10 Networks reported a 15.5% year-over-year increase in revenue, with quarterly earnings per share of $0.21, surpassing analysts' expectations.
• The company’s upcoming quarterly dividend is set at $0.06 per share, yielding around 1.4%, with an ex-dividend date of August 15.

Aptus Capital Advisors LLC acquired a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 294,920 shares of the communications equipment provider's stock, valued at approximately $4,819,000. Aptus Capital Advisors LLC owned about 0.41% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its stake in A10 Networks by 112.3% in the fourth quarter. Wells Fargo & Company MN now owns 55,048 shares of the communications equipment provider's stock valued at $1,013,000 after buying an additional 29,123 shares in the last quarter. Barclays PLC raised its stake in A10 Networks by 350.4% in the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock valued at $12,618,000 after buying an additional 533,482 shares in the last quarter. Marshall Wace LLP increased its position in shares of A10 Networks by 364.8% during the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock worth $12,580,000 after purchasing an additional 536,600 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of A10 Networks by 1,861.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 41,200 shares of the communications equipment provider's stock worth $758,000 after purchasing an additional 39,100 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of A10 Networks by 3.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 99,862 shares of the communications equipment provider's stock worth $1,837,000 after purchasing an additional 3,541 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Robert Scott Weber sold 2,500 shares of A10 Networks stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the sale, the general counsel directly owned 61,007 shares in the company, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the sale, the chief financial officer owned 77,599 shares of the company's stock, valued at approximately $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

A10 Networks Stock Performance

ATEN traded up $0.4060 during trading on Friday, reaching $17.3960. The company's stock had a trading volume of 568,457 shares, compared to its average volume of 802,609. A10 Networks, Inc. has a 52-week low of $12.72 and a 52-week high of $21.90. The company's fifty day moving average price is $18.38 and its 200-day moving average price is $18.01. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 25.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. During the same quarter in the previous year, the company earned $0.18 EPS. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 15th. A10 Networks's dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ATEN shares. Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a research report on Saturday, August 16th. BWS Financial reiterated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. 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 report on Friday, May 2nd. Finally, Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating on the stock. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

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.