Diversified Trust Co Makes New $228,000 Investment in A10 Networks, Inc. (NYSE:ATEN)

Diversified Trust Co bought a new position in shares of A10 Networks, Inc. (NYSE:ATENFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,317 shares of the communications equipment provider’s stock, valued at approximately $228,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of A10 Networks by 4.1% during the second quarter. BlackRock Inc. now owns 12,334,273 shares of the communications equipment provider’s stock worth $179,957,000 after buying an additional 485,884 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of A10 Networks by 2.7% during the third quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider’s stock worth $104,697,000 after buying an additional 185,362 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of A10 Networks by 14.9% during the second quarter. Alliancebernstein L.P. now owns 2,772,896 shares of the communications equipment provider’s stock worth $40,457,000 after buying an additional 359,016 shares during the last quarter. State Street Corp lifted its holdings in shares of A10 Networks by 8.5% during the second quarter. State Street Corp now owns 2,564,703 shares of the communications equipment provider’s stock worth $37,419,000 after buying an additional 201,475 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of A10 Networks by 0.7% during the second quarter. Renaissance Technologies LLC now owns 2,504,425 shares of the communications equipment provider’s stock worth $36,540,000 after buying an additional 16,992 shares during the last quarter. Institutional investors own 88.69% of the company’s stock.

A10 Networks Trading Down 1.2 %

Shares of NYSE ATEN opened at $13.63 on Friday. The business has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $13.02. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 25.72 and a beta of 1.10. A10 Networks, Inc. has a one year low of $10.03 and a one year high of $15.99.

A10 Networks (NYSE:ATENGet Free Report) last issued its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $70.42 million during the quarter, compared to analyst estimates of $76.95 million. A10 Networks had a net margin of 15.88% and a return on equity of 21.67%. On average, research analysts anticipate that A10 Networks, Inc. will post 0.66 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.24 annualized dividend and a yield of 1.76%. A10 Networks’s dividend payout ratio is currently 45.28%.

Analyst Upgrades and Downgrades

Separately, BWS Financial upped their price target 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 Analysis on ATEN

Insiders Place Their Bets

In other A10 Networks news, CFO Brian Becker sold 4,348 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $13.21, for a total transaction of $57,437.08. Following the completion of the transaction, the chief financial officer now directly owns 51,299 shares in the company, valued at $677,659.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other A10 Networks news, CFO Brian Becker sold 4,348 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $13.21, for a total transaction of $57,437.08. Following the completion of the transaction, the chief financial officer now directly owns 51,299 shares in the company, valued at $677,659.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dhrupad Trivedi sold 8,809 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $14.03, for a total value of $123,590.27. Following the transaction, the chief executive officer now owns 483,005 shares of the company’s stock, valued at $6,776,560.15. The disclosure for this sale can be found here. Insiders sold 152,828 shares of company stock worth $2,032,990 over the last three months. 5.81% of the stock is currently owned by corporate insiders.

About A10 Networks

(Free Report)

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.

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

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