Linden Thomas Advisory Services LLC Buys 708 Shares of A10 Networks, Inc. $ATEN

Linden Thomas Advisory Services LLC boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,863 shares of the communications equipment provider’s stock after acquiring an additional 708 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in A10 Networks were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ATEN. Vestcor Inc bought a new stake in A10 Networks during the first quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd bought a new stake in A10 Networks during the first quarter worth approximately $55,000. CWM LLC increased its stake in A10 Networks by 45.6% during the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock worth $76,000 after acquiring an additional 1,454 shares during the last quarter. DRW Securities LLC purchased a new position in shares of A10 Networks during the first quarter valued at approximately $188,000. Finally, CenterBook Partners LP purchased a new position in shares of A10 Networks during the first quarter valued at approximately $206,000. 98.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brian Becker sold 6,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the transaction, the chief financial officer owned 77,599 shares of the company’s stock, valued at $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.15% of the stock is owned by company insiders.

A10 Networks Stock Down 1.4%

Shares of NYSE ATEN opened at $17.78 on Tuesday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.15 and a beta of 1.27. A10 Networks, Inc. has a 52-week low of $13.81 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The stock has a 50 day moving average price of $17.79 and a 200 day moving average price of $17.74.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. A10 Networks’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Sell-side analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. A10 Networks’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several brokerages have issued reports on ATEN. Mizuho began coverage on A10 Networks in a research report on Monday, July 14th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. BTIG Research upgraded A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, A10 Networks presently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.