Bank of New York Mellon Corp Has $13.77 Million Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Bank of New York Mellon Corp reduced its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 37.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 842,531 shares of the communications equipment provider's stock after selling 505,245 shares during the quarter. Bank of New York Mellon Corp owned about 1.14% of A10 Networks worth $13,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of A10 Networks by 11.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider's stock valued at $45,632,000 after purchasing an additional 249,145 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of A10 Networks by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock worth $33,498,000 after acquiring an additional 31,697 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock worth $30,868,000 after acquiring an additional 14,764 shares during the last quarter. Boston Trust Walden Corp acquired a new position in shares of A10 Networks in the first quarter worth $26,894,000. Finally, First Trust Advisors LP increased its stake in shares of A10 Networks by 3.2% in the fourth quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock worth $27,625,000 after acquiring an additional 45,868 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Price Performance

ATEN traded up $0.10 during midday trading on Tuesday, reaching $18.91. 233,249 shares of the company's stock were exchanged, compared to its average volume of 836,578. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 4.44 and a beta of 1.39. The company has a quick ratio of 3.87, a current ratio of 4.05 and a debt-to-equity ratio of 1.11. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The business has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $18.19.

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

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio is currently 35.82%.

Analyst Ratings Changes

ATEN has been the topic of several analyst reports. BWS Financial reissued a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Mizuho initiated coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a "neutral" rating on the stock. Raymond James Financial initiated coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Wall Street Zen downgraded shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a research report on Friday, June 27th. They set a "buy" rating and a $22.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, A10 Networks has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

Insider Buying and Selling at A10 Networks

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's 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 completion of the sale, the general counsel owned 61,007 shares of the company's stock, valued at $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.15% of the stock is currently owned by corporate insiders.

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.