44,003 Shares in A10 Networks, Inc. (NYSE:ATEN) Bought by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in A10 Networks, Inc., purchasing 44,003 shares valued at approximately $719,000, representing about 0.06% of the company.
• Institutional investors now own 98.61% of A10 Networks, with several firms, including Prudential Financial Inc. and JPMorgan Chase & Co., increasing their holdings significantly in the last quarter.
• A10 Networks announced a dividend of $0.06 per share with a current dividend yield of 1.29%, and the company's stock has shown positive earnings growth, reporting a 24.23% return on equity.

Y Intercept Hong Kong Ltd acquired a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,003 shares of the communications equipment provider's stock, valued at approximately $719,000. Y Intercept Hong Kong Ltd owned about 0.06% of A10 Networks at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in A10 Networks by 18.4% during the 4th quarter. American Century Companies Inc. now owns 177,702 shares of the communications equipment provider's stock worth $3,270,000 after purchasing an additional 27,585 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in A10 Networks during the 4th quarter worth about $1,104,000. Prudential Financial Inc. increased its position in A10 Networks by 78.6% during the 4th quarter. Prudential Financial Inc. now owns 272,394 shares of the communications equipment provider's stock worth $5,012,000 after purchasing an additional 119,856 shares in the last quarter. JPMorgan Chase & Co. increased its position in A10 Networks by 47.2% during the 4th quarter. JPMorgan Chase & Co. now owns 477,311 shares of the communications equipment provider's stock worth $8,783,000 after purchasing an additional 153,116 shares in the last quarter. Finally, Norges Bank acquired a new stake in A10 Networks in the 4th quarter worth about $7,202,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a research note on Friday, June 27th. They issued a "buy" rating and a $22.00 price target on the stock. BWS Financial reiterated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Friday, May 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of A10 Networks in a report on Thursday, July 17th. Finally, Mizuho initiated coverage on shares of A10 Networks in a report on Monday, July 14th. They set a "neutral" rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Insider Transactions at A10 Networks

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the 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 completion of the transaction, the general counsel owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.15% of the stock is owned by company insiders.

A10 Networks Trading Down 0.7%

Shares of A10 Networks stock traded down $0.13 during trading hours on Wednesday, reaching $18.67. The stock had a trading volume of 987,558 shares, compared to its average volume of 794,533. The firm has a 50 day simple moving average of $18.37 and a two-hundred day simple moving average of $18.21. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 4.46 and a beta of 1.39. 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, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping 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 company had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. During the same period last year, the business posted $0.17 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is 35.82%.

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.