Advisor Resource Council Makes New $2.11 Million Investment in A10 Networks, Inc. (NYSE:ATEN)

Advisor Resource Council bought a new position in A10 Networks, Inc. (NYSE:ATENGet Rating) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 127,245 shares of the communications equipment provider’s stock, valued at approximately $2,110,000. Advisor Resource Council owned 0.16% of A10 Networks as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in shares of A10 Networks during the first quarter worth $1,741,000. Morgan Stanley grew its position in A10 Networks by 1,100.2% in the second quarter. Morgan Stanley now owns 317,096 shares of the communications equipment provider’s stock valued at $3,571,000 after purchasing an additional 290,676 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in A10 Networks in the third quarter valued at $94,000. Russell Investments Group Ltd. grew its position in A10 Networks by 2.7% in the third quarter. Russell Investments Group Ltd. now owns 211,730 shares of the communications equipment provider’s stock valued at $2,852,000 after purchasing an additional 5,607 shares in the last quarter. Finally, Swiss National Bank grew its position in A10 Networks by 1.6% in the third quarter. Swiss National Bank now owns 128,200 shares of the communications equipment provider’s stock valued at $1,728,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, May 9th. StockNews.com assumed coverage on shares of A10 Networks in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, A10 Networks currently has a consensus rating of “Buy” and an average target price of $17.67.

Shares of NYSE ATEN traded down $0.21 during mid-day trading on Thursday, reaching $14.58. 5,334 shares of the company were exchanged, compared to its average volume of 2,313,875. The company’s 50-day simple moving average is $14.04 and its 200-day simple moving average is $14.65. The stock has a market capitalization of $1.11 billion, a P/E ratio of 12.02 and a beta of 0.95. A10 Networks, Inc. has a twelve month low of $9.13 and a twelve month high of $19.05.

A10 Networks (NYSE:ATENGet Rating) last posted its earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. A10 Networks had a net margin of 38.23% and a return on equity of 20.66%. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, analysts expect that A10 Networks, Inc. will post 0.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, May 13th. A10 Networks’s dividend payout ratio (DPR) is 16.26%.

In other news, EVP Robert D. Cochran sold 2,293 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $14.17, for a total value of $32,491.81. Following the completion of the transaction, the executive vice president now directly owns 353,860 shares in the company, valued at approximately $5,014,196.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dhrupad Trivedi sold 21,470 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $12.52, for a total transaction of $268,804.40. The disclosure for this sale can be found here. Insiders sold a total of 255,785 shares of company stock valued at $3,701,713 in the last quarter. Corporate insiders own 14.22% of the company’s stock.

About A10 Networks (Get Rating)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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