Nuveen LLC Makes New Investment in A10 Networks, Inc. $ATEN

Key Points

• Nuveen LLC has acquired a new position in A10 Networks, purchasing 199,651 shares for approximately $3.26 million, making up about 0.28% of the company's stock.
• A10 Networks reported a net margin of 18.45% and a return on equity of 25.46%, with quarterly earnings of $0.21 per share, surpassing analyst estimates.
• The company recently declared a quarterly dividend of $0.06 per share, representing an annualized dividend yield of 1.4%.

Nuveen LLC acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 199,651 shares of the communications equipment provider's stock, valued at approximately $3,262,000. Nuveen LLC owned 0.28% of A10 Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of A10 Networks during the first quarter valued at approximately $211,000. Invesco Ltd. raised its holdings in shares of A10 Networks by 184.7% during the first 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 in the last quarter. CenterBook Partners LP bought a new position in shares of A10 Networks during the first quarter valued at approximately $206,000. Charles Schwab Investment Management Inc. raised its holdings in shares of A10 Networks by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 675,676 shares of the communications equipment provider's stock valued at $11,041,000 after acquiring an additional 7,246 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider's stock valued at $120,823,000 after acquiring an additional 34,634 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.15 during trading on Monday, hitting $17.74. 1,171,732 shares of the company's stock traded hands, compared to its average volume of 803,513. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. A10 Networks, Inc. has a 1 year low of $12.72 and a 1 year high of $21.90. The stock has a market capitalization of $1.28 billion, a P/E ratio of 26.08 and a beta of 1.37. The business has a 50-day simple moving average of $18.32 and a 200-day simple moving average of $17.88.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $69.38 million for 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%.A10 Networks's revenue was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. As a group, analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 15th. A10 Networks's dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total value of $115,392.00. Following the transaction, the chief financial officer directly owned 77,599 shares of the company's stock, valued at approximately $1,399,109.97. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

ATEN has been the subject of a number of research reports. Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They issued a "neutral" rating for the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a report on Saturday, August 16th. Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft assumed coverage on A10 Networks in a report on Friday, June 27th. They issued a "buy" rating and a $22.00 price objective for the company. Finally, BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, A10 Networks has a consensus rating of "Moderate Buy" and an average target price of $22.00.

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.