Lazard Asset Management LLC Has $128,000 Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Lazard Asset Management LLC raised its holdings in A10 Networks, Inc. (NYSE:ATENGet Rating) by 102.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,946 shares of the communications equipment provider’s stock after acquiring an additional 4,535 shares during the quarter. Lazard Asset Management LLC’s holdings in A10 Networks were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ATEN. BlackRock Inc. lifted its stake in shares of A10 Networks by 3.7% in the first quarter. BlackRock Inc. now owns 4,580,966 shares of the communications equipment provider’s stock worth $63,904,000 after buying an additional 163,954 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of A10 Networks by 8.1% in the first quarter. Bank of New York Mellon Corp now owns 1,971,858 shares of the communications equipment provider’s stock worth $27,508,000 after buying an additional 148,301 shares during the last quarter. State Street Corp lifted its stake in shares of A10 Networks by 1.6% in the first quarter. State Street Corp now owns 1,750,229 shares of the communications equipment provider’s stock worth $24,416,000 after buying an additional 26,989 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of A10 Networks by 35.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,131,642 shares of the communications equipment provider’s stock worth $16,273,000 after buying an additional 296,250 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of A10 Networks by 11.6% in the first quarter. JPMorgan Chase & Co. now owns 1,014,465 shares of the communications equipment provider’s stock worth $14,151,000 after buying an additional 105,120 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of analyst reports. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. BWS Financial upped their target price on shares of A10 Networks from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd.

A10 Networks Price Performance

NYSE:ATEN opened at $17.90 on Tuesday. The stock has a market cap of $1.31 billion, a P/E ratio of 35.80 and a beta of 0.98. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $19.79. The company has a fifty day moving average price of $15.61 and a 200 day moving average price of $14.97.

A10 Networks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a dividend of $0.06 per share. This is a boost from A10 Networks’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, November 14th. A10 Networks’s dividend payout ratio is presently 48.00%.

Insider Activity at A10 Networks

In related news, Director Eric Singer sold 60,541 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $18.01, for a total transaction of $1,090,343.41. Following the completion of the transaction, the director now directly owns 46,566 shares in the company, valued at approximately $838,653.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other A10 Networks news, EVP Matthew P. Bruening sold 5,143 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $17.71, for a total value of $91,082.53. Following the sale, the executive vice president now owns 120,775 shares of the company’s stock, valued at approximately $2,138,925.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Singer sold 60,541 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $18.01, for a total transaction of $1,090,343.41. Following the completion of the sale, the director now directly owns 46,566 shares in the company, valued at approximately $838,653.66. The disclosure for this sale can be found here. Insiders sold a total of 70,684 shares of company stock worth $1,271,426 in the last ninety days. 14.22% of the stock is currently owned by insiders.

A10 Networks Profile

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A10 Networks, Inc engages in the provision of application networking solutions that help organizations ensure that their data center applications and networks remain available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial of service protection.

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

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