Penserra Capital Management LLC Has $76.72 Million Position in A10 Networks, Inc. $ATEN

Penserra Capital Management LLC boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 56.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,964,989 shares of the communications equipment provider’s stock after purchasing an additional 1,425,792 shares during the period. A10 Networks comprises approximately 1.1% of Penserra Capital Management LLC’s holdings, making the stock its 21st largest position. Penserra Capital Management LLC owned approximately 5.50% of A10 Networks worth $76,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in A10 Networks by 3.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,342 shares of the communications equipment provider’s stock valued at $723,000 after purchasing an additional 1,141 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of A10 Networks during the 2nd quarter worth about $817,000. Principal Financial Group Inc. lifted its holdings in shares of A10 Networks by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 416,548 shares of the communications equipment provider’s stock valued at $6,806,000 after buying an additional 12,282 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of A10 Networks by 165.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 109,400 shares of the communications equipment provider’s stock valued at $1,788,000 after buying an additional 68,200 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of A10 Networks by 2.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 828,616 shares of the communications equipment provider’s stock valued at $16,034,000 after buying an additional 19,870 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

NYSE ATEN opened at $17.22 on Friday. The stock has a 50-day simple moving average of $17.88 and a 200 day simple moving average of $17.86. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.90. The stock has a market capitalization of $1.24 billion, a PE ratio of 25.32 and a beta of 1.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks’s payout ratio is 35.29%.

Analysts Set New Price Targets

A number of research firms have issued reports on ATEN. Mizuho started coverage on shares of A10 Networks in a research note on Monday, July 14th. They issued a “neutral” rating for the company. BTIG Research upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Insider Transactions at A10 Networks

In related news, CFO Brian Becker sold 6,400 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the transaction, the chief financial officer directly owned 77,599 shares in the company, valued at $1,399,109.97. This represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.15% of the company’s stock.

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.