SG Americas Securities LLC Takes Position in A10 Networks, Inc. $ATEN

SG Americas Securities LLC bought a new position in A10 Networks, Inc. (NYSE:ATEN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,277 shares of the communications equipment provider’s stock, valued at approximately $1,112,000.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in A10 Networks by 38.1% during the third quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 1,005 shares during the period. Tower Research Capital LLC TRC boosted its holdings in A10 Networks by 120.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock valued at $114,000 after acquiring an additional 3,225 shares during the last quarter. Corton Capital Inc. purchased a new position in shares of A10 Networks in the 2nd quarter worth about $194,000. State of Wyoming raised its holdings in shares of A10 Networks by 346.7% in the 2nd quarter. State of Wyoming now owns 13,545 shares of the communications equipment provider’s stock worth $262,000 after purchasing an additional 10,513 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of A10 Networks by 5.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 13,863 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 708 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, A10 Networks has an average rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Stock Down 1.6%

NYSE ATEN opened at $17.30 on Friday. The company has a quick ratio of 3.49, a current ratio of 3.64 and a debt-to-equity ratio of 1.06. A10 Networks, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The business has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $17.86. The stock has a market cap of $1.24 billion, a PE ratio of 25.45 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $70.70 million. A10 Networks had a net margin of 17.78% and a return on equity of 25.87%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, November 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. A10 Networks’s dividend payout ratio (DPR) is currently 35.29%.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.