Vident Advisory LLC Invests $2.06 Million in A10 Networks, Inc. $ATEN

Key Points

• Vident Advisory LLC has invested $2.06 million in A10 Networks, acquiring 126,086 shares of the company during the first quarter.
• A10 Networks reported a 15.5% increase in year-over-year revenue for their latest quarter, with an EPS of $0.21, surpassing analyst estimates.
• The company announced a quarterly dividend of $0.06 per share, representing an annualized yield of 1.4%, to be paid on September 2nd.

Vident Advisory LLC acquired a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 126,086 shares of the communications equipment provider's stock, valued at approximately $2,060,000. Vident Advisory LLC owned about 0.17% of A10 Networks as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of A10 Networks by 165.5% during the first quarter. Canada Pension Plan Investment Board now owns 109,400 shares of the communications equipment provider's stock worth $1,788,000 after purchasing an additional 68,200 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of A10 Networks by 26.8% during the first quarter. Trexquant Investment LP now owns 247,891 shares of the communications equipment provider's stock worth $4,051,000 after purchasing an additional 52,331 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of A10 Networks during the first quarter worth about $923,000. Jump Financial LLC purchased a new position in shares of A10 Networks during the first quarter worth about $867,000. Finally, Wellington Management Group LLP grew its holdings in shares of A10 Networks by 390.9% during the first quarter. Wellington Management Group LLP now owns 1,130,119 shares of the communications equipment provider's stock worth $18,466,000 after purchasing an additional 899,919 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Insider Activity

In other news, CFO Brian Becker sold 6,400 shares of A10 Networks stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the sale, the chief financial officer directly owned 77,599 shares in the company, valued at approximately $1,399,109.97. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.15% of the company's stock.

A10 Networks Stock Performance

NYSE:ATEN traded down $0.19 during mid-day trading on Friday, reaching $17.63. The stock had a trading volume of 566,487 shares, compared to its average volume of 673,390. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.93 and a beta of 1.37. A10 Networks, Inc. has a twelve month low of $12.72 and a twelve month high of $21.90. The business has a 50 day simple moving average of $18.21 and a 200 day simple moving average of $17.79.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. The company's revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on ATEN shares. Mizuho started coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating on the stock. Wall Street Zen raised A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price target on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of A10 Networks in a report on Wednesday. Finally, BTIG Research raised A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.00.

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.