A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 37.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 approximately 1.14% of A10 Networks worth $13,767,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of A10 Networks by 11.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider's stock worth $45,632,000 after purchasing an additional 249,145 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of A10 Networks by 1.8% during 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 purchasing an additional 31,697 shares in the last quarter. Geode Capital Management LLC grew its position in shares of A10 Networks by 0.9% during 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 purchasing an additional 14,764 shares in the last quarter. Boston Trust Walden Corp purchased a new position in A10 Networks during the 1st quarter valued at approximately $26,894,000. Finally, First Trust Advisors LP grew its holdings in A10 Networks by 3.2% during the 4th quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock valued at $27,625,000 after buying an additional 45,868 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

ATEN traded up $0.12 during trading on Wednesday, reaching $18.95. The company's stock had a trading volume of 603,888 shares, compared to its average volume of 840,769. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The company's fifty day moving average price is $18.25 and its 200-day moving average price is $18.20. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 4.46 and a beta of 1.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.87 and a current ratio of 4.05.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million during 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 revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. On average, equities analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATEN. Mizuho began coverage on A10 Networks in a research note on Monday, July 14th. They set a "neutral" rating for the company. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a report on Friday, May 2nd. BWS Financial restated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research note on Friday, May 2nd. Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a research note on Thursday, July 17th. Finally, Raymond James Financial started coverage on A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Insider Activity at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the sale, the general counsel owned 61,007 shares in the company, valued at $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.15% of the company's stock.

A10 Networks 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.