Quantbot Technologies LP Makes New Investment in A10 Networks, Inc. (NYSE:ATEN)

Quantbot Technologies LP purchased a new position in shares of A10 Networks, Inc. (NYSE:ATENFree Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,026 shares of the communications equipment provider’s stock, valued at approximately $181,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new position in shares of A10 Networks in the second quarter worth about $482,000. Guggenheim Capital LLC increased its holdings in shares of A10 Networks by 31.9% in the second quarter. Guggenheim Capital LLC now owns 45,029 shares of the communications equipment provider’s stock worth $657,000 after buying an additional 10,892 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of A10 Networks by 2.4% in the third quarter. State of Alaska Department of Revenue now owns 43,373 shares of the communications equipment provider’s stock worth $651,000 after buying an additional 1,031 shares during the period. Citigroup Inc. increased its holdings in shares of A10 Networks by 17.4% in the second quarter. Citigroup Inc. now owns 142,285 shares of the communications equipment provider’s stock worth $2,076,000 after buying an additional 21,105 shares during the period. Finally, Strs Ohio purchased a new position in shares of A10 Networks in the second quarter worth about $157,000. Institutional investors own 88.69% of the company’s stock.

Insider Activity at A10 Networks

In related news, CEO Dhrupad Trivedi sold 15,729 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $12.71, for a total transaction of $199,915.59. Following the transaction, the chief executive officer now owns 491,814 shares in the company, valued at approximately $6,250,955.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other A10 Networks news, CEO Dhrupad Trivedi sold 15,729 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $12.71, for a total transaction of $199,915.59. Following the transaction, the chief executive officer now owns 491,814 shares in the company, valued at approximately $6,250,955.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Becker sold 2,047 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the transaction, the chief financial officer now owns 49,252 shares in the company, valued at approximately $643,231.12. The disclosure for this sale can be found here. Insiders have sold a total of 92,951 shares of company stock worth $1,234,714 in the last 90 days. Company insiders own 5.81% of the company’s stock.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $13.24 on Monday. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $15.99. The company has a market cap of $981.59 million, a PE ratio of 24.98 and a beta of 1.12. The stock’s 50-day moving average is $13.25 and its 200 day moving average is $13.35.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 16th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.81%. A10 Networks’s dividend payout ratio is presently 45.28%.

Analyst Ratings Changes

Separately, BWS Financial lifted their price objective on A10 Networks from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th.

Get Our Latest Stock Analysis on A10 Networks

A10 Networks Company Profile

(Free Report)

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

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

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