23,700 Shares in A10 Networks, Inc. $ATEN Bought by Optimize Financial Inc

Key Points

• Optimize Financial Inc has acquired 23,700 shares of A10 Networks, Inc., valued at approximately $387,000, indicating growing institutional interest in the company.
• A10 Networks reported a quarterly earnings per share of $0.21, exceeding analyst expectations, with a revenue increase of 15.5% year-over-year.
• The company recently announced a quarterly dividend of $0.06 per share, reflecting a dividend yield of 1.4% and a payout ratio of 35.29%.

Optimize Financial Inc acquired a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,700 shares of the communications equipment provider's stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATEN. Northern Trust Corp increased its stake in shares of A10 Networks by 5.1% during the fourth quarter. Northern Trust Corp now owns 765,209 shares of the communications equipment provider's stock worth $14,080,000 after purchasing an additional 36,887 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of A10 Networks by 131.1% during the fourth quarter. BNP Paribas Financial Markets now owns 97,521 shares of the communications equipment provider's stock worth $1,794,000 after buying an additional 55,314 shares in the last quarter. Bank of America Corp DE grew its stake in shares of A10 Networks by 43.5% in 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 purchasing an additional 55,134 shares during the last quarter. Centiva Capital LP grew its stake in shares of A10 Networks by 25.6% in the fourth quarter. Centiva Capital LP now owns 16,774 shares of the communications equipment provider's stock worth $309,000 after purchasing an additional 3,424 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of A10 Networks in the fourth quarter worth $239,000. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

ATEN traded up $0.26 on Monday, hitting $17.71. The company's stock had a trading volume of 197,998 shares, compared to its average volume of 929,794. The company's 50 day simple moving average is $17.99 and its 200-day simple moving average is $17.65. The firm has a market cap of $1.28 billion, a P/E ratio of 26.04 and a beta of 1.37. A10 Networks, Inc. has a 12 month low of $13.58 and a 12 month 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 released its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. During the same period last year, the firm earned $0.18 EPS. A10 Networks's revenue for the quarter was up 15.5% on a year-over-year basis. Analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on ATEN shares. Wall Street Zen raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Mizuho started coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of A10 Networks in a research report on Friday, June 27th. They set a "buy" rating and a $22.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of A10 Networks in a research report on Wednesday, September 3rd. Finally, BTIG Research raised shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a research 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. Based on data from MarketBeat, A10 Networks has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Insider Buying and Selling

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently 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.