Wedge Capital Management L L P NC Sells 818 Shares of A10 Networks, Inc. (NYSE:ATEN)

Wedge Capital Management L L P NC cut its holdings in A10 Networks, Inc. (NYSE:ATENGet Rating) by 6.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,327 shares of the communications equipment provider’s stock after selling 818 shares during the quarter. Wedge Capital Management L L P NC’s holdings in A10 Networks were worth $163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Paradigm Capital Management Inc. NY increased its stake in shares of A10 Networks by 0.3% in the first quarter. Paradigm Capital Management Inc. NY now owns 427,800 shares of the communications equipment provider’s stock valued at $5,968,000 after buying an additional 1,200 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of A10 Networks by 0.3% in the first quarter. Assenagon Asset Management S.A. now owns 416,733 shares of the communications equipment provider’s stock valued at $5,813,000 after buying an additional 1,326 shares in the last quarter. Worth Venture Partners LLC increased its stake in shares of A10 Networks by 1.7% in the first quarter. Worth Venture Partners LLC now owns 84,545 shares of the communications equipment provider’s stock valued at $1,179,000 after buying an additional 1,416 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of A10 Networks by 97.4% in the first quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 1,472 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of A10 Networks by 48.6% in the first quarter. New York State Teachers Retirement System now owns 5,200 shares of the communications equipment provider’s stock valued at $73,000 after buying an additional 1,700 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $12.97 on Thursday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.05. The firm has a market cap of $987.95 million, a PE ratio of 10.13 and a beta of 0.93. The business has a fifty day moving average of $14.43 and a 200-day moving average of $14.31.

A10 Networks (NYSE:ATENGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. A10 Networks had a return on equity of 19.92% and a net margin of 38.39%. The firm had revenue of $67.97 million during the quarter, compared to analyst estimates of $66.74 million. During the same period last year, the company earned $0.10 earnings per share. On average, analysts anticipate that A10 Networks, Inc. will post 0.51 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, August 12th. A10 Networks’s dividend payout ratio (DPR) is presently 15.63%.

Insider Activity

In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $15.00, for a total value of $75,000.00. Following the sale, the executive vice president now owns 344,161 shares in the company, valued at approximately $5,162,415. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $15.00, for a total transaction of $75,000.00. Following the transaction, the executive vice president now owns 344,161 shares of the company’s stock, valued at approximately $5,162,415. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Becker sold 1,994 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $15.22, for a total value of $30,348.68. Following the transaction, the chief financial officer now directly owns 62,838 shares in the company, valued at approximately $956,394.36. The disclosure for this sale can be found here. Insiders have sold 104,886 shares of company stock worth $1,609,297 in the last 90 days. Corporate insiders own 14.22% of the company’s stock.

About A10 Networks

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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.

Further Reading

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

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