A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 217.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,486 shares of the communications equipment provider’s stock after purchasing an additional 85,281 shares during the quarter. Assetmark Inc. owned about 0.17% of A10 Networks worth $1,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ATEN. Harbor Capital Advisors Inc. increased its stake in shares of A10 Networks by 6.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock worth $176,000 after acquiring an additional 816 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of A10 Networks by 1.1% in the third quarter. Los Angeles Capital Management LLC now owns 96,250 shares of the communications equipment provider’s stock worth $1,447,000 after acquiring an additional 1,012 shares during the period. Swiss National Bank increased its stake in shares of A10 Networks by 0.8% in the third quarter. Swiss National Bank now owns 154,500 shares of the communications equipment provider’s stock worth $2,322,000 after acquiring an additional 1,300 shares during the period. Verity Asset Management Inc. increased its stake in shares of A10 Networks by 1.7% in the third quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock worth $1,378,000 after acquiring an additional 1,515 shares during the period. Finally, Amalgamated Bank increased its stake in shares of A10 Networks by 5.2% in the third quarter. Amalgamated Bank now owns 31,572 shares of the communications equipment provider’s stock worth $475,000 after acquiring an additional 1,565 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $15.12 on Friday. The company’s fifty day moving average price is $14.18 and its 200 day moving average price is $13.48. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $16.46. The company has a market capitalization of $1.13 billion, a PE ratio of 24.79 and a beta of 1.13.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a net margin of 17.96% and a return on equity of 22.42%. The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $59.43 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio (DPR) is presently 39.34%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ATEN shares. BWS Financial reiterated a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a research note on Wednesday, May 1st. Craig Hallum increased their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total transaction of $804,241.62. Following the transaction, the chief executive officer now directly owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the transaction, the director now directly owns 619,166 shares of the company’s stock, valued at $9,535,156.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dhrupad Trivedi sold 60,606 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total transaction of $804,241.62. Following the transaction, the chief executive officer now directly owns 495,814 shares in the company, valued at $6,579,451.78. The disclosure for this sale can be found here. 5.81% of the stock is currently owned by insiders.

A10 Networks Company Profile

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.