Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,367 shares of the communications equipment provider’s stock after buying an additional 3,772 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in A10 Networks were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Mackenzie Financial Corp increased its holdings in A10 Networks by 6.4% in the fourth quarter. Mackenzie Financial Corp now owns 38,810 shares of the communications equipment provider’s stock valued at $511,000 after buying an additional 2,348 shares during the last quarter. Strs Ohio increased its holdings in shares of A10 Networks by 356.5% in the 4th quarter. Strs Ohio now owns 49,300 shares of the communications equipment provider’s stock valued at $649,000 after acquiring an additional 38,500 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of A10 Networks during the 4th quarter valued at approximately $460,000. Impax Asset Management Group plc lifted its stake in A10 Networks by 19.2% during the fourth quarter. Impax Asset Management Group plc now owns 775,000 shares of the communications equipment provider’s stock worth $10,207,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in A10 Networks in the fourth quarter worth $163,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total transaction of $804,241.62. Following the completion of the transaction, the chief executive officer now owns 495,814 shares in the company, valued at approximately $6,579,451.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of the firm’s stock in a transaction dated 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 owns 495,814 shares of the company’s stock, valued at approximately $6,579,451.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian Becker sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total transaction of $193,950.00. Following the completion of the sale, the chief financial officer now directly owns 34,252 shares of the company’s stock, valued at $442,878.36. The disclosure for this sale can be found here. 5.82% of the stock is owned by insiders.

A10 Networks Stock Performance

ATEN stock opened at $15.55 on Tuesday. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $15.99. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.49 and a beta of 1.13. The stock’s fifty day moving average is $13.67 and its two-hundred day moving average is $13.04.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm posted $0.09 EPS. A10 Networks’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that A10 Networks, Inc. will post 0.66 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio (DPR) is 39.34%.

Analyst Upgrades and Downgrades

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

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.