Quadrature Capital Ltd Sells 34,252 Shares of A10 Networks, Inc. (NYSE:ATEN)

Quadrature Capital Ltd cut its holdings in A10 Networks, Inc. (NYSE:ATEN) by 68.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,951 shares of the communications equipment provider’s stock after selling 34,252 shares during the quarter. Quadrature Capital Ltd’s holdings in A10 Networks were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ATEN. Comerica Bank increased its stake in shares of A10 Networks by 59.7% during the first quarter. Comerica Bank now owns 50,888 shares of the communications equipment provider’s stock valued at $697,000 after buying an additional 19,021 shares during the period. SG Americas Securities LLC purchased a new position in A10 Networks during the 2nd quarter valued at $1,201,000. Diversified Trust Co raised its holdings in A10 Networks by 10.9% in the 2nd quarter. Diversified Trust Co now owns 19,200 shares of the communications equipment provider’s stock worth $266,000 after purchasing an additional 1,883 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in A10 Networks by 48.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after purchasing an additional 308,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of A10 Networks by 55.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 130,132 shares of the communications equipment provider’s stock worth $1,802,000 after purchasing an additional 46,489 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, November 8th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, BWS Financial lifted their price target on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.82% of the company’s stock.

A10 Networks Price Performance

NYSE:ATEN opened at $18.52 on Wednesday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 27.64 and a beta of 1.16. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $18.63. The company’s 50-day simple moving average is $15.74 and its 200 day simple moving average is $14.40.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. A10 Networks’s dividend payout ratio is currently 35.82%.

A10 Networks 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.