Paradigm Capital Management Inc. NY lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 20.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,400 shares of the communications equipment provider’s stock after buying an additional 40,770 shares during the period. Paradigm Capital Management Inc. NY owned approximately 0.34% of A10 Networks worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC increased its holdings in shares of A10 Networks by 1.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 146 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of A10 Networks during the 1st quarter worth approximately $103,000. Stoneridge Investment Partners LLC acquired a new stake in shares of A10 Networks during the 3rd quarter worth approximately $109,000. KCG Holdings Inc. acquired a new stake in shares of A10 Networks during the 1st quarter worth approximately $115,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of A10 Networks during the 2nd quarter worth approximately $149,000. Institutional investors and hedge funds own 55.23% of the company’s stock.
In other A10 Networks news, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $7.29, for a total value of $182,250.00. Following the completion of the transaction, the chief executive officer now owns 10,186,538 shares of the company’s stock, valued at approximately $74,259,862.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Henricks sold 22,590 shares of the firm’s 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 completion of the transaction, 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 a total of 370,793 shares of company stock valued at $2,622,553 in the last quarter. 34.05% of the stock is owned by insiders.
A number of brokerages have recently issued reports on ATEN. BidaskClub downgraded shares of A10 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target for the company in a report on Tuesday, October 17th. Finally, ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.13.
A10 Networks, Inc. (ATEN) traded up $0.04 during trading on Monday, reaching $7.26. 243,100 shares of the company traded hands, compared to its average volume of 494,943. A10 Networks, Inc. has a 12-month low of $6.02 and a 12-month 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 for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The firm had revenue of $61.40 million during the quarter, compared to the consensus estimate of $59.46 million. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities analysts expect that A10 Networks, Inc. will post -0.21 earnings per share for the current fiscal year.
A10 Networks declared that its Board of Directors has approved a stock buyback plan on Thursday, October 26th that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the communications equipment provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A10 Networks 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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