Shell Asset Management Co. Decreases Position in A10 Networks, Inc. (NYSE:ATEN)

Shell Asset Management Co. lessened its holdings in A10 Networks, Inc. (NYSE:ATENGet Rating) by 12.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,637 shares of the communications equipment provider’s stock after selling 5,274 shares during the period. Shell Asset Management Co.’s holdings in A10 Networks were worth $497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its position in A10 Networks by 45.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,883 shares of the communications equipment provider’s stock valued at $124,000 after buying an additional 2,788 shares during the period. Davy Global Fund Management Ltd raised its holdings in shares of A10 Networks by 25.1% in the 1st quarter. Davy Global Fund Management Ltd now owns 127,791 shares of the communications equipment provider’s stock valued at $1,783,000 after purchasing an additional 25,629 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of A10 Networks by 4.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 453,000 shares of the communications equipment provider’s stock valued at $6,319,000 after purchasing an additional 20,000 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of A10 Networks in the 1st quarter valued at $65,000. Finally, New York State Teachers Retirement System raised its holdings in shares of A10 Networks by 48.6% in the 1st quarter. New York State Teachers Retirement System now owns 5,200 shares of the communications equipment provider’s stock valued at $73,000 after purchasing an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

Insider Activity

In related news, EVP Robert D. Cochran sold 2,633 shares of A10 Networks stock in a transaction on Friday, May 6th. The shares were sold at an average price of $15.01, for a total transaction of $39,521.33. Following the sale, the executive vice president now directly owns 342,825 shares in the company, valued at approximately $5,145,803.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Robert D. Cochran sold 2,633 shares of A10 Networks stock in a transaction on Friday, May 6th. The shares were sold at an average price of $15.01, for a total transaction of $39,521.33. Following the sale, the executive vice president now directly owns 342,825 shares in the company, valued at approximately $5,145,803.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Singer sold 135,691 shares of A10 Networks stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $14.78, for a total transaction of $2,005,512.98. Following the sale, the director now owns 67,345 shares in the company, valued at $995,359.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 383,880 shares of company stock worth $5,649,804. 14.22% of the stock is currently owned by corporate insiders.

A10 Networks Trading Up 2.4 %

Shares of ATEN opened at $15.64 on Thursday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.05. The firm’s fifty day simple moving average is $14.52 and its 200-day simple moving average is $14.18. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.72 and a beta of 0.92.

A10 Networks (NYSE:ATENGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The communications equipment provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a net margin of 38.23% and a return on equity of 20.46%. During the same period last year, the business posted $0.10 EPS. On average, analysts predict that A10 Networks, Inc. will post 0.4 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. A10 Networks’s payout ratio is 16.26%.

A10 Networks Profile

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A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

See Also

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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