Penserra Capital Management LLC Has $66.40 Million Position in A10 Networks, Inc. $ATEN

Penserra Capital Management LLC reduced its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,658,453 shares of the communications equipment provider’s stock after selling 306,536 shares during the quarter. A10 Networks makes up approximately 0.8% of Penserra Capital Management LLC’s holdings, making the stock its 25th biggest position. Penserra Capital Management LLC owned approximately 5.07% of A10 Networks worth $66,400,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ATEN. Illumine Investment Management LLC boosted its position in A10 Networks by 5.3% during the third quarter. Illumine Investment Management LLC now owns 40,471 shares of the communications equipment provider’s stock valued at $735,000 after purchasing an additional 2,034 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of A10 Networks by 271.4% in the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 1,140 shares during the last quarter. State of Wyoming grew its holdings in A10 Networks by 46.8% in the 3rd quarter. State of Wyoming now owns 19,885 shares of the communications equipment provider’s stock valued at $361,000 after buying an additional 6,340 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of A10 Networks by 1.9% in the third quarter. Principal Financial Group Inc. now owns 421,423 shares of the communications equipment provider’s stock valued at $7,649,000 after acquiring an additional 7,788 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in A10 Networks in the 3rd quarter valued at about $277,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on ATEN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

A10 Networks Trading Down 2.3%

NYSE ATEN opened at $17.29 on Wednesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 25.42 and a beta of 1.23. A10 Networks, Inc. has a one year low of $13.81 and a one year high of $21.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.64 and a quick ratio of 3.49. The business has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $17.73.

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. A10 Networks had a net margin of 17.78% and a return on equity of 25.87%. The company had revenue of $74.68 million for the quarter, compared to the consensus estimate of $70.70 million. During the same quarter in the previous year, the company earned $0.21 EPS. A10 Networks’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

About A10 Networks

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.