Jane Street Group LLC lowered its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 57.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,253 shares of the communications equipment provider's stock after selling 257,923 shares during the period. Jane Street Group LLC owned approximately 0.26% of A10 Networks worth $2,805,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ATEN. Canada Pension Plan Investment Board bought a new stake in A10 Networks during the second quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of A10 Networks during the 3rd quarter worth $43,000. Quarry LP acquired a new position in A10 Networks in the 2nd quarter valued at $47,000. Quantbot Technologies LP raised its holdings in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after acquiring an additional 2,762 shares during the period. Finally, nVerses Capital LLC acquired a new position in A10 Networks during the 2nd quarter worth $105,000. Institutional investors own 98.61% of the company's stock.
Analyst Ratings Changes
ATEN has been the topic of a number of recent analyst reports. Craig Hallum lowered A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th. BWS Financial lifted their price target on A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.
In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this link. 5.81% of the stock is owned by company insiders.
A10 Networks Stock Up 0.7 %
ATEN stock opened at $18.52 on Friday. The business's 50-day simple moving average is $16.42 and its 200 day simple moving average is $14.61. The company has a market cap of $1.37 billion, a PE ratio of 27.64 and a beta of 1.16. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.37.
A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 business 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 business posted $0.12 earnings per share. A10 Networks's quarterly revenue was up 15.5% on a year-over-year basis. On average, equities research analysts anticipate that A10 Networks, Inc. will post 0.6 EPS for the current year.
A10 Networks Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, November 18th. A10 Networks's payout ratio is 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Should you invest $1,000 in A10 Networks right now?
Before you consider A10 Networks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and A10 Networks wasn't on the list.
While A10 Networks currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.