A10 Networks, Inc. (ATEN) Position Raised by Northern Trust Corp

Northern Trust Corp increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 562,869 shares of the communications equipment provider’s stock after purchasing an additional 59,162 shares during the quarter. Northern Trust Corp owned 0.95% of A10 Networks worth $4,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Menta Capital LLC lifted its holdings in shares of A10 Networks by 9.4% in the second quarter. Menta Capital LLC now owns 415,787 shares of the communications equipment provider’s stock worth $3,509,000 after acquiring an additional 35,887 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of A10 Networks by 112.1% in the second quarter. UBS Asset Management Americas Inc. now owns 29,912 shares of the communications equipment provider’s stock worth $252,000 after acquiring an additional 15,812 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of A10 Networks by 41.0% in the second quarter. New York State Common Retirement Fund now owns 52,300 shares of the communications equipment provider’s stock worth $441,000 after acquiring an additional 15,199 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of A10 Networks in the second quarter worth about $1,046,000. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of A10 Networks by 22.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 202,630 shares of the communications equipment provider’s stock worth $1,711,000 after acquiring an additional 36,830 shares during the last quarter. 55.23% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/19/a10-networks-inc-aten-position-raised-by-northern-trust-corp.html.

A10 Networks, Inc. (NYSE:ATEN) opened at $7.43 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 released its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $61.40 million during the quarter, compared to the consensus estimate of $59.46 million. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. analysts forecast that A10 Networks, Inc. will post -0.21 EPS for the current fiscal year.

A10 Networks announced that its board has authorized a share repurchase plan on Thursday, October 26th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the communications equipment provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other A10 Networks news, VP Neil Wu Becker sold 5,155 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $6.74, for a total transaction of $34,744.70. Following the completion of the sale, the vice president now owns 118,946 shares of the company’s stock, valued at approximately $801,696.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan S. Henricks sold 22,590 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $7.34, for a total transaction of $165,810.60. Following the sale, the director now directly owns 41,981 shares of the company’s stock, valued at approximately $308,140.54. The disclosure for this sale can be found here. Insiders sold 395,793 shares of company stock valued at $2,805,053 in the last ninety days. 34.05% of the stock is currently owned by insiders.

ATEN has been the subject of a number of research reports. ValuEngine cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 target price for the company in a report on Tuesday, October 17th. One investment 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 company has a consensus rating of “Hold” and an average price target of $9.13.

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.

Want to see what other hedge funds are holding ATEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A10 Networks, Inc. (NYSE:ATEN).

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

Receive News & Ratings for A10 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply