State Street Corp Sells 47,856 Shares of A10 Networks Inc (NYSE:ATEN)

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State Street Corp lessened its stake in shares of A10 Networks Inc (NYSE:ATEN) by 3.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,279,123 shares of the communications equipment provider’s stock after selling 47,856 shares during the quarter. State Street Corp’s holdings in A10 Networks were worth $7,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc lifted its position in shares of A10 Networks by 14.2% in the 1st quarter. Legal & General Group Plc now owns 2,369,792 shares of the communications equipment provider’s stock worth $16,439,000 after purchasing an additional 294,880 shares during the period. Geode Capital Management LLC grew its position in A10 Networks by 7.8% during the first quarter. Geode Capital Management LLC now owns 767,285 shares of the communications equipment provider’s stock valued at $4,764,000 after buying an additional 55,721 shares during the period. JPMorgan Chase & Co. grew its position in A10 Networks by 119.3% during the first quarter. JPMorgan Chase & Co. now owns 615,717 shares of the communications equipment provider’s stock valued at $3,824,000 after buying an additional 334,946 shares during the period. Nuveen Asset Management LLC lifted its holdings in A10 Networks by 20.4% during the first quarter. Nuveen Asset Management LLC now owns 425,717 shares of the communications equipment provider’s stock valued at $2,643,000 after purchasing an additional 72,191 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in A10 Networks during the first quarter valued at approximately $2,052,000. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Thomas Constantino sold 15,622 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $6.65, for a total value of $103,886.30. Following the transaction, the chief financial officer now owns 228,874 shares of the company’s stock, valued at $1,522,012.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 31,734 shares of company stock worth $214,154 in the last three months. Insiders own 23.65% of the company’s stock.

Several equities analysts have weighed in on ATEN shares. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “strong-buy” rating and set a $8.25 price target on the stock in a report on Monday, July 13th. BWS Financial lifted their price target on shares of A10 Networks from $9.50 to $13.50 and gave the company a “buy” rating in a report on Wednesday. Finally, Sidoti started coverage on shares of A10 Networks in a report on Tuesday, July 21st. They set a “buy” rating and a $11.00 price target on the stock. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $10.92.

ATEN stock opened at $8.08 on Friday. A10 Networks Inc has a one year low of $3.43 and a one year high of $8.69. The company’s fifty day moving average price is $7.09 and its 200-day moving average price is $6.65. The company has a market capitalization of $638.24 million, a PE ratio of 161.60 and a beta of 0.80.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. A10 Networks had a net margin of 1.70% and a return on equity of 6.07%. The firm had revenue of $52.50 million for the quarter, compared to the consensus estimate of $52.19 million. As a group, equities analysts expect that A10 Networks Inc will post 0.08 EPS for the current fiscal year.

A10 Networks Company Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. 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 micro services; and Thunder carrier grade network address translation product, which offers network 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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