A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC grew its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 29.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,539,197 shares of the communications equipment provider's stock after buying an additional 584,116 shares during the period. Penserra Capital Management LLC owned 3.43% of A10 Networks worth $41,490,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ATEN. Schonfeld Strategic Advisors LLC increased its holdings in shares of A10 Networks by 3.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider's stock valued at $574,000 after purchasing an additional 1,010 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in A10 Networks by 1.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 80,299 shares of the communications equipment provider's stock worth $1,312,000 after purchasing an additional 1,295 shares during the last quarter. Verity Asset Management Inc. boosted its position in shares of A10 Networks by 1.7% during the 1st quarter. Verity Asset Management Inc. now owns 81,669 shares of the communications equipment provider's stock valued at $1,334,000 after acquiring an additional 1,378 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of A10 Networks by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 42,803 shares of the communications equipment provider's stock valued at $788,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in A10 Networks in the 4th quarter valued at about $50,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Price Performance

A10 Networks stock traded down $0.41 during midday trading on Tuesday, reaching $19.50. The company's stock had a trading volume of 342,004 shares, compared to its average volume of 813,785. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.87 and a current ratio of 4.05. The stock's 50 day simple moving average is $17.86 and its 200 day simple moving average is $18.19. The firm has a market capitalization of $1.41 billion, a PE ratio of 29.10, a P/E/G ratio of 4.77 and a beta of 1.39.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. The business had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. During the same quarter last year, the business posted $0.17 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 15th. A10 Networks's dividend payout ratio is presently 35.82%.

Insider Buying and Selling

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total value of $43,150.00. Following the sale, the general counsel directly owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATEN. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a report on Friday, June 27th. They issued a "buy" rating and a $22.00 price target for the company. BWS Financial reissued a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Finally, Raymond James Financial initiated coverage on A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.