Home Networking company Dupont Capital Management Corp holds a $435,000 position in A10 Networks, Inc. (NYSE: ATEN)

Dupont Capital Management Corp holds a $435,000 position in A10 Networks, Inc. (NYSE: ATEN)

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Dupont Capital Management Corp reduced its holdings in A10 Networks, Inc. (NYSE: ATEN – Get Rating) by 8.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund held 31,182 shares of the communications equipment provider after selling 2,758 shares during the quarter. Dupont Capital Management Corp’s holdings in A10 Networks were worth $435,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently changed their positions in ATEN. The New York State Teachers’ Retirement System increased its stake in A10 Networks stock by 48.6% in the first quarter. The New York State Teachers’ Retirement System now owns 5,200 shares of the communications equipment provider valued at $73,000 after purchasing an additional 1,700 shares during the period. Lewis Capital Management LLC increased its stake in shares of A10 Networks by 1.5% in the first quarter. Lewis Capital Management LLC now owns 176,856 shares of the communications equipment provider valued at $2,467,000 after purchasing an additional 2,562 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in A10 Networks shares by 17.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 88,948 shares of the communications equipment provider valued at $1,241,000 after purchasing an additional 13,437 shares during the period. Bailard Inc. purchased a new stake in shares of A10 Networks in the first quarter valued at approximately $283,000. Finally, Assenagon Asset Management SA increased its stake in the shares of A10 Networks by 0.3% in the first quarter. Assenagon Asset Management SA now owns 416,733 shares of the communications equipment supplier valued at $5,813,000 after purchasing an additional 1,326 shares during the period. 90.19% of the shares are held by institutional investors and hedge funds.

A10 networks store 3.9%

Shares of ATEN opened at $13.92 on Friday. The stock has a market capitalization of $1.06 billion, a price-earnings ratio of 11.32 and a beta of 0.94. A10 Networks, Inc. has a 12 month minimum of $10.50 and a 12 month maximum of $19.05. The company has a 50-day moving average price of $14.56 and a two-hundred-day moving average price of $14.25.

A10 Networks (NYSE:ATEN – Get Rating) last reported quarterly results on Tuesday, May 3. The communications equipment provider reported EPS of $0.08 for the quarter, beating analyst consensus estimates of $0.05 by $0.03. The company posted revenue of $62.67 million in the quarter, compared to $61.00 million expected by analysts. A10 Networks achieved a net margin of 38.23% and a return on equity of 20.46%. In the same quarter last year, the company earned earnings per share of $0.06. Equity research analysts expect A10 Networks, Inc. to post EPS of 0.46 for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Monday, May 16 received a dividend of $0.05. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, May 13. A10 Networks’ dividend payout ratio (DPR) is currently 16.26%.

Changes to analyst ratings

Separately, StockNews.com took over coverage of A10 Networks stocks in a Thursday, March 31 research note. They set a “buy” rating for the company.

Insider activity

In other news, Director Eric Singer sold 21,949 shares of A10 Networks in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $15.85, for a total value of $347,891.65. Following completion of the transaction, the administrator now owns 51,190 shares of the company, valued at $811,361.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. In other news, Executive Vice President Robert D. Cochran sold 2,633 shares of A10 Networks in a trade that took place on Friday, May 6. The shares were sold at an average price of $15.01, for a total value of $39,521.33. Following the completion of the transaction, the executive vice president now owns 342,825 shares of the company, valued at $5,145,803.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Eric Singer sold 21,949 shares of the company in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $15.85, for a total transaction of $347,891.65. Following the completion of the sale, the director now directly owns 51,190 shares of the company, valued at approximately $811,361.50. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 496,308 shares of the company worth $7,348,989. Insiders hold 14.22% of the shares of the company.

A10 Networks Company Profile

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