Connor Clark & Lunn Investment Management Ltd. Has $3.46 Million Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 38.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,936 shares of the communications equipment provider's stock after selling 133,887 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.29% of A10 Networks worth $3,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Trust Walden Corp bought a new position in shares of A10 Networks in the 1st quarter valued at about $26,894,000. Penserra Capital Management LLC increased its position in shares of A10 Networks by 29.9% during the first 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 during the period. 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 acquiring an additional 536,600 shares during the period. Barclays PLC increased its position in shares of A10 Networks by 350.4% during the fourth 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $45,632,000 after buying an additional 249,145 shares during the period. 98.61% of the stock is owned by institutional investors.

A10 Networks Stock Performance

A10 Networks stock traded down $0.19 during midday trading on Friday, hitting $17.17. 611,255 shares of the company's stock were exchanged, compared to its average volume of 879,833. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 25.25 and a beta of 1.35. The firm's 50 day simple moving average is $18.46 and its 200 day simple moving average is $18.12. 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, Inc. has a 12-month low of $12.72 and a 12-month high of $21.90.

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

A10 Networks Dividend Announcement

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

Wall Street Analyst Weigh In

ATEN has been the topic of several analyst reports. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft began 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 for the company. Mizuho began coverage on shares of A10 Networks in a research report on Monday, July 14th. They issued a "neutral" rating for the company. BTIG Research upgraded shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price objective for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Insider Activity at A10 Networks

In related news, CFO Brian Becker sold 6,400 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the sale, the chief financial officer owned 77,599 shares of the company's stock, valued at $1,399,109.97. This trade represents a 7.62% 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, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel directly owned 61,007 shares in the company, valued at approximately $1,052,980.82. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by 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.