Picton Mahoney Asset Management Acquires 53,271 Shares of A10 Networks, Inc. (NYSE:ATEN)

Picton Mahoney Asset Management raised its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 166.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 85,318 shares of the communications equipment provider's stock after acquiring an additional 53,271 shares during the quarter. Picton Mahoney Asset Management owned approximately 0.12% of A10 Networks worth $1,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATEN. American Century Companies Inc. increased its position in A10 Networks by 18.4% in the 4th quarter. American Century Companies Inc. now owns 177,702 shares of the communications equipment provider's stock valued at $3,270,000 after acquiring an additional 27,585 shares during the period. Prudential Financial Inc. increased its position in A10 Networks by 78.6% in the 4th quarter. Prudential Financial Inc. now owns 272,394 shares of the communications equipment provider's stock valued at $5,012,000 after acquiring an additional 119,856 shares during the period. JPMorgan Chase & Co. increased its position in shares of A10 Networks by 47.2% during the fourth quarter. JPMorgan Chase & Co. now owns 477,311 shares of the communications equipment provider's stock worth $8,783,000 after buying an additional 153,116 shares during the period. Norges Bank acquired a new stake in shares of A10 Networks during the fourth quarter worth $7,202,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of A10 Networks by 298.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock worth $4,544,000 after buying an additional 184,962 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

ATEN has been the subject of several recent analyst reports. Raymond James Financial initiated coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. BWS Financial reiterated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a research report on Friday, June 27th. They set a "buy" rating and a $22.00 price objective for the company. Mizuho initiated coverage on shares of A10 Networks in a research report on Monday, July 14th. They set a "neutral" rating for the company. Finally, Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, A10 Networks presently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Stock Down 3.6%

NYSE ATEN traded down $0.67 on Friday, hitting $17.75. 693,229 shares of the company were exchanged, compared to its average volume of 814,011. The company has a market cap of $1.28 billion, a PE ratio of 26.49, a PEG ratio of 4.37 and a beta of 1.35. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The stock has a fifty day moving average of $18.41 and a 200-day moving average of $18.21. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $66.14 million for 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 revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. As a group, analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

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.