Verity Asset Management Inc. Lowers Position in A10 Networks, Inc. (NYSE:ATEN)

Verity Asset Management Inc. reduced its stake in A10 Networks, Inc. (NYSE:ATEN) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,872 shares of the communications equipment provider’s stock after selling 1,578 shares during the period. Verity Asset Management Inc. owned approximately 0.11% of A10 Networks worth $1,182,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of A10 Networks by 43,184.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after acquiring an additional 1,724,343 shares during the period. Millennium Management LLC purchased a new stake in A10 Networks in the second quarter valued at approximately $9,562,000. Harbor Capital Advisors Inc. raised its position in A10 Networks by 175.0% in the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after purchasing an additional 506,332 shares during the period. Assenagon Asset Management S.A. lifted its stake in A10 Networks by 48.2% during the second 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, Cubist Systematic Strategies LLC purchased a new position in shares of A10 Networks during the second quarter worth $4,058,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Up 1.6 %

Shares of ATEN opened at $15.49 on Friday. A10 Networks, Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $16.46. The company has a market cap of $1.14 billion, a P/E ratio of 26.25 and a beta of 1.11. The firm’s 50 day moving average price is $14.19 and its 200 day moving average price is $14.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.