Counterpoint Mutual Funds LLC Takes Position in A10 Networks, Inc. $ATEN

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in A10 Networks, Inc. (NYSE:ATEN), purchasing 19,871 shares valued at approximately $385,000.
• The company reported a 15.5% increase in revenue year-over-year, totaling $69.38 million, with an earnings per share (EPS) of $0.21, which exceeded analysts' expectations.
• A10 Networks recently announced a quarterly dividend of $0.06 per share, resulting in an annualized dividend yield of 1.3%.

Counterpoint Mutual Funds LLC acquired a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,871 shares of the communications equipment provider's stock, valued at approximately $385,000.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its stake in A10 Networks by 43.5% during the fourth quarter. Bank of America Corp DE now owns 181,956 shares of the communications equipment provider's stock worth $3,348,000 after acquiring an additional 55,134 shares in the last quarter. Millennium Management LLC increased its position in A10 Networks by 59.3% during the 4th quarter. Millennium Management LLC now owns 275,518 shares of the communications equipment provider's stock worth $5,070,000 after purchasing an additional 102,599 shares in the last quarter. ProShare Advisors LLC increased its position in A10 Networks by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 21,421 shares of the communications equipment provider's stock worth $394,000 after purchasing an additional 6,573 shares in the last quarter. Two Sigma Advisers LP lifted its stake in A10 Networks by 11.9% in the 4th quarter. Two Sigma Advisers LP now owns 205,300 shares of the communications equipment provider's stock valued at $3,778,000 after purchasing an additional 21,800 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in A10 Networks by 363.8% in the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider's stock valued at $2,206,000 after buying an additional 94,032 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Down 0.6%

Shares of ATEN opened at $18.23 on Wednesday. The stock's 50-day moving average price is $17.86 and its two-hundred day moving average price is $17.55. A10 Networks, Inc. has a 12 month low of $13.68 and a 12 month high of $21.90. The company has a market capitalization of $1.31 billion, a PE ratio of 26.80 and a beta of 1.37. The company has a current ratio of 4.23, a quick ratio of 4.04 and a debt-to-equity ratio of 1.07.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate 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 period last year, the company earned $0.18 earnings per share. On average, analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. A10 Networks's dividend payout ratio is currently 35.29%.

Insider Buying and Selling at A10 Networks

In related news, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction on Wednesday, August 13th. The shares were 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 of the company's stock, valued at $1,399,109.97. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATEN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price target for the company. Wall Street Zen raised A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a research report on Thursday, September 18th. Mizuho began coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating on the stock. Finally, BTIG Research raised A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price objective for the company in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, A10 Networks has a consensus rating of "Moderate Buy" and an average target price of $22.00.

About A10 Networks

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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