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Robeco Institutional Asset Management BV Lowers Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)


Robeco Institutional Asset Management BV reduced its position in A10 Networks, Inc. (NYSE:ATEN – Get Rating) by 16.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,119 shares of the communications equipment provider’s stock after selling 2,946 shares during the period. Robeco Institutional Asset Management BV’s holdings in A10 Networks were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATEN. PEAK6 Investments LLC purchased a new stake in shares of A10 Networks during the 4th quarter valued at $322,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of A10 Networks in the 4th quarter valued at about $543,000. Daiwa Securities Group Inc. acquired a new stake in shares of A10 Networks in the 4th quarter valued at about $101,000. Mirae Asset Global Investments Co. Ltd. raised its stake in A10 Networks by 25.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 694,668 shares of the communications equipment provider’s stock worth $11,518,000 after acquiring an additional 140,821 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in A10 Networks by 109.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 42,651 shares of the communications equipment provider’s stock worth $707,000 after acquiring an additional 22,316 shares during the period. 90.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, EVP Robert D. Cochran sold 4,769 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $15.00, for a total value of $71,535.00. Following the transaction, the executive vice president now directly owns 348,860 shares in the company, valued at $5,232,900. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Eric Singer sold 116,535 shares of A10 Networks stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $15.09, for a total value of $1,758,513.15. Following the completion of the sale, the director now owns 135,139 shares of the company’s stock, valued at approximately $2,039,247.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Robert D. Cochran sold 4,769 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $15.00, for a total value of $71,535.00. Following the transaction, the executive vice president now owns 348,860 shares in the company, valued at $5,232,900. The disclosure for this sale can be found here. Insiders have sold a total of 496,308 shares of company stock worth $7,348,989 over the last ninety days. Insiders own 14.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of A10 Networks in a report on Thursday, March 31st. They set a “buy” rating for the company.

A10 Networks Stock Performance

NYSE:ATEN opened at $13.92 on Friday. A10 Networks, Inc. has a 52 week low of $10.50 and a 52 week high of $19.05. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 11.32 and a beta of 0.94. The company has a 50-day moving average of $14.56 and a 200-day moving average of $14.25.

A10 Networks (NYSE:ATEN – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $62.67 million during the quarter, compared to analysts’ expectations of $61.00 million. A10 Networks had a net margin of 38.23% and a return on equity of 20.46%. During the same quarter in the previous year, the company earned $0.06 EPS. Sell-side analysts forecast that A10 Networks, Inc. will post 0.46 EPS for the current year.

A10 Networks Dividend Announcement

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

A10 Networks Company Profile

(GetRating)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. 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 increase the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

further reading

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



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