Aptus Capital Advisors LLC Invests $4.82 Million in A10 Networks, Inc. $ATEN

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 purchased a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 294,920 shares of the communications equipment provider's stock, valued at approximately $4,819,000. Aptus Capital Advisors LLC owned approximately 0.41% of A10 Networks at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ATEN. Boston Trust Walden Corp bought a new position in shares of A10 Networks in the 1st quarter worth about $26,894,000. Invesco Ltd. increased its stake in shares of A10 Networks by 184.7% in the 1st quarter. Invesco Ltd. now owns 1,045,406 shares of the communications equipment provider's stock worth $17,082,000 after acquiring an additional 678,207 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of A10 Networks by 29.9% in the 1st quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider's stock worth $41,490,000 after acquiring an additional 584,116 shares in the last quarter. Marshall Wace LLP increased its stake in shares of A10 Networks by 364.8% in the 4th quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock worth $12,580,000 after acquiring an additional 536,600 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of A10 Networks by 350.4% in the 4th quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock worth $12,618,000 after acquiring an additional 533,482 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Insider Activity at A10 Networks

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

A10 Networks Stock Performance

Shares of NYSE ATEN traded down $0.09 during trading on Monday, reaching $17.29. 97,542 shares of the company traded hands, compared to its average volume of 953,612. The firm has a 50 day simple moving average of $18.38 and a 200-day simple moving average of $18.00. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.25 billion, a PE ratio of 25.44 and a beta of 1.35. A10 Networks, Inc. has a 52-week low of $12.72 and a 52-week high of $21.90.

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

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 15th. A10 Networks's dividend payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BTIG Research raised shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price objective on the stock in a research report on Wednesday, August 6th. Wall Street Zen raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of A10 Networks in a research report on Saturday, August 16th. Finally, Mizuho assumed coverage on shares of A10 Networks in a research 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 issued a Hold rating to the company's stock. According to MarketBeat, A10 Networks currently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

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.