A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 386,703 shares of the communications equipment provider’s stock after selling 2,968 shares during the period. Rice Hall James & Associates LLC owned approximately 0.52% of A10 Networks worth $5,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in A10 Networks by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after acquiring an additional 35,010 shares during the period. Renaissance Technologies LLC grew its holdings in shares of A10 Networks by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock worth $31,614,000 after purchasing an additional 135,800 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of A10 Networks by 18.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after purchasing an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in A10 Networks by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock valued at $25,191,000 after buying an additional 28,150 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after buying an additional 1,724,343 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

ATEN has been the topic of a number of research analyst reports. BWS Financial reissued a “buy” rating and issued a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $14.67 on Friday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.86 and a beta of 1.11. The business has a 50-day moving average of $14.05 and a 200 day moving average of $14.01. A10 Networks, Inc. has a 12 month low of $10.63 and a 12 month high of $16.46.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The business had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. During the same quarter last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

About A10 Networks

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.