Royce & Associates LP Has $6.21 Million Position in A10 Networks Inc (ATEN)

Royce & Associates LP lifted its position in A10 Networks Inc (NYSE:ATEN) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 821,500 shares of the communications equipment provider’s stock after acquiring an additional 106,976 shares during the period. Royce & Associates LP owned approximately 1.16% of A10 Networks worth $6,211,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Stoneridge Investment Partners LLC acquired a new stake in shares of A10 Networks in the 3rd quarter valued at approximately $109,000. Capital Fund Management S.A. acquired a new stake in shares of A10 Networks in the 2nd quarter valued at approximately $149,000. Voya Investment Management LLC raised its position in shares of A10 Networks by 21.2% in the 2nd quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock valued at $193,000 after acquiring an additional 3,994 shares during the period. US Bancorp DE raised its position in shares of A10 Networks by 45.2% in the 2nd quarter. US Bancorp DE now owns 23,147 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 7,208 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of A10 Networks by 59.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,450 shares of the communications equipment provider’s stock valued at $206,000 after acquiring an additional 9,154 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

A number of brokerages recently weighed in on ATEN. BidaskClub upgraded shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.13.

In other news, VP Gunter Reiss sold 6,213 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $7.41, for a total transaction of $46,038.33. Following the completion of the transaction, the vice president now directly owns 103,429 shares of the company’s stock, valued at approximately $766,408.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $7.76, for a total transaction of $194,000.00. Following the transaction, the chief executive officer now directly owns 10,061,538 shares of the company’s stock, valued at $78,077,534.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 382,638 shares of company stock valued at $2,861,249. 31.57% of the stock is owned by company insiders.

Shares of A10 Networks Inc (NYSE ATEN) opened at $7.88 on Friday. A10 Networks Inc has a 52 week low of $6.02 and a 52 week high of $9.94.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $59.46 million. A10 Networks’s revenue was up 11.4% on a year-over-year basis. analysts anticipate that A10 Networks Inc will post -0.21 EPS for the current year.

A10 Networks declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 26th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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A10 Networks Company Profile

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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