Boston Trust Walden Corp Increases Stock Holdings in A10 Networks, Inc. $ATEN

Key Points

• Boston Trust Walden Corp increased its position in A10 Networks by 31.4% during the second quarter, now holding over 2.16 million shares valued at approximately $41.85 million.
• Several hedge funds have also significantly boosted their stakes in A10 Networks, with Wellington Management's holdings increasing by 390.9% and Invesco's by 184.7% during the first quarter.
• Analysts currently have a consensus price target of $22.00 for A10 Networks, with recent upgrades leading to a general rating of "Moderate Buy" from multiple research firms.

Boston Trust Walden Corp boosted its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 31.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,162,796 shares of the communications equipment provider's stock after acquiring an additional 516,872 shares during the quarter. Boston Trust Walden Corp owned 3.00% of A10 Networks worth $41,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATEN. Wellington Management Group LLP boosted its holdings in A10 Networks by 390.9% during the 1st quarter. Wellington Management Group LLP now owns 1,130,119 shares of the communications equipment provider's stock valued at $18,466,000 after acquiring an additional 899,919 shares during the period. Invesco Ltd. boosted its holdings in A10 Networks by 184.7% during the 1st quarter. Invesco Ltd. now owns 1,045,406 shares of the communications equipment provider's stock valued at $17,082,000 after acquiring an additional 678,207 shares during the period. Penserra Capital Management LLC boosted its holdings in A10 Networks by 29.9% during the 1st quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider's stock valued at $41,490,000 after acquiring an additional 584,116 shares during the period. Aptus Capital Advisors LLC purchased a new position in A10 Networks during the 1st quarter valued at about $4,819,000. Finally, Victory Capital Management Inc. boosted its stake in shares of A10 Networks by 124.4% in the 1st quarter. Victory Capital Management Inc. now owns 385,332 shares of the communications equipment provider's stock valued at $6,296,000 after buying an additional 213,592 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ATEN. Mizuho started coverage on shares of A10 Networks in a research note on Monday, July 14th. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of A10 Networks in a research note on Friday, June 27th. They issued a "buy" rating and a $22.00 price target for the company. Wall Street Zen upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. BTIG Research upgraded shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

Insider Buying and Selling

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of A10 Networks 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 transaction, the chief financial officer owned 77,599 shares of the company's stock, valued at $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.15% of the stock is currently owned by company insiders.

A10 Networks Price Performance

ATEN stock opened at $17.76 on Wednesday. The business has a 50 day moving average price of $17.78 and a 200 day moving average price of $17.60. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 26.12 and a beta of 1.27. A10 Networks, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07.

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

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.4%. A10 Networks's payout ratio is presently 35.29%.

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.

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