Guidance Capital Inc. Acquires 718 Shares of A10 Networks, Inc. (NYSE:ATEN)

Guidance Capital Inc. lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 2.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 36,355 shares of the communications equipment provider’s stock after acquiring an additional 718 shares during the quarter. Guidance Capital Inc.’s holdings in A10 Networks were worth $530,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ATEN. Mackenzie Financial Corp raised its holdings in A10 Networks by 15.6% during the 2nd quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider’s stock valued at $638,000 after buying an additional 6,217 shares during the last quarter. Vanguard Group Inc. raised its holdings in A10 Networks by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider’s stock valued at $93,090,000 after buying an additional 102,501 shares during the last quarter. SG Americas Securities LLC bought a new stake in A10 Networks during the 2nd quarter valued at $1,201,000. Point72 DIFC Ltd bought a new stake in A10 Networks during the 2nd quarter valued at $516,000. Finally, Russell Investments Group Ltd. raised its holdings in A10 Networks by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock valued at $8,020,000 after buying an additional 24,672 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Down 2.1 %

ATEN traded down $0.31 during midday trading on Wednesday, hitting $14.48. 22,511 shares of the company traded hands, compared to its average volume of 727,896. The firm has a market capitalization of $1.08 billion, a PE ratio of 24.25 and a beta of 1.11. The company’s 50-day moving average is $13.85 and its 200 day moving average is $13.96. A10 Networks, Inc. has a 52 week low of $10.55 and a 52 week high of $16.46.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping 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 firm had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $64.30 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s quarterly revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts predict that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date was Thursday, August 15th. A10 Networks’s dividend payout ratio is 39.34%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. BWS Financial reissued a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a research report on Tuesday, July 9th.

A10 Networks Profile

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.