A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. increased its holdings in A10 Networks by 215.2%, acquiring an additional 19,611 shares during the first quarter, bringing its total ownership to 28,725 shares valued at approximately $469,000.
• A10 Networks' stock has received mixed feedback from analysts, with some upgrading their ratings to "buy" while others have downgraded to "hold." The consensus rating is currently a "Moderate Buy" with an average price target of $22.00.
• In its most recent earnings report, A10 Networks reported $0.20 earnings per share, beating expectations, and demonstrated a 8.9% increase in revenue year over year, amounting to $66.14 million.

Pacer Advisors Inc. grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 215.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,725 shares of the communications equipment provider's stock after acquiring an additional 19,611 shares during the quarter. Pacer Advisors Inc.'s holdings in A10 Networks were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ATEN. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in A10 Networks during the 1st quarter valued at $2,281,000. Y Intercept Hong Kong Ltd bought a new stake in A10 Networks during the 1st quarter valued at $719,000. Allianz Asset Management GmbH raised its holdings in A10 Networks by 98.7% during the 1st quarter. Allianz Asset Management GmbH now owns 197,881 shares of the communications equipment provider's stock valued at $3,233,000 after buying an additional 98,293 shares during the last quarter. Summit Partners L P raised its holdings in A10 Networks by 7.4% in the 1st quarter. Summit Partners L P now owns 187,367 shares of the communications equipment provider's stock worth $3,062,000 after purchasing an additional 12,903 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in A10 Networks by 124.4% in the first quarter. Victory Capital Management Inc. now owns 385,332 shares of the communications equipment provider's stock worth $6,296,000 after buying an additional 213,592 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research note on Friday, May 2nd. Raymond James Financial assumed coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Mizuho assumed coverage on shares of A10 Networks in a research note on Monday, July 14th. They issued a "neutral" rating on the stock. Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a research note on Saturday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Price Performance

Shares of ATEN stock traded up $0.43 on Monday, reaching $18.18. The company's stock had a trading volume of 130,594 shares, compared to its average volume of 966,097. The stock's fifty day simple moving average is $18.41 and its 200-day simple moving average is $18.20. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 4.21 and a beta of 1.35.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. A10 Networks's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the sale, the general counsel directly owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is owned by insiders.

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.