A10 Networks Inc (ATEN) Shares Bought by Divisar Capital Management LLC

Divisar Capital Management LLC boosted its holdings in A10 Networks Inc (NYSE:ATEN) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,545,780 shares of the communications equipment provider’s stock after buying an additional 581,832 shares during the period. A10 Networks makes up about 5.2% of Divisar Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Divisar Capital Management LLC’s holdings in A10 Networks were worth $15,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATEN. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in A10 Networks in the fourth quarter valued at approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in A10 Networks by 123.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 3,173 shares during the period. Teton Advisors Inc. acquired a new position in A10 Networks in the fourth quarter valued at approximately $94,000. State Board of Administration of Florida Retirement System lifted its holdings in A10 Networks by 30.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 17,358 shares of the communications equipment provider’s stock valued at $108,000 after buying an additional 4,100 shares during the period. Finally, Prudential Financial Inc. acquired a new position in A10 Networks in the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

ATEN opened at $7.25 on Tuesday. The firm has a market capitalization of $532.09 million, a price-to-earnings ratio of -32.95 and a beta of 0.73. A10 Networks Inc has a twelve month low of $5.51 and a twelve month high of $7.46.

A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, February 7th. The communications equipment provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The company had revenue of $61.83 million for the quarter, compared to analyst estimates of $61.06 million. A10 Networks had a negative net margin of 11.89% and a negative return on equity of 20.73%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. Sell-side analysts anticipate that A10 Networks Inc will post -0.26 EPS for the current year.

ATEN has been the topic of several analyst reports. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. DA Davidson upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $6.06 price objective on the stock in a report on Monday, December 10th.

In other A10 Networks news, EVP Robert D. Cochran sold 9,813 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $6.65, for a total value of $65,256.45. Following the sale, the executive vice president now directly owns 186,031 shares in the company, valued at $1,237,106.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gunter Reiss sold 4,209 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $6.68, for a total transaction of $28,116.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,325 shares of company stock worth $150,586. Company insiders own 28.87% of the company’s stock.

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A10 Networks Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. 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 boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network 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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