Millennium Management LLC increased its holdings in shares of A10 Networks Inc (NYSE:ATEN) by 148.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 664,448 shares of the communications equipment provider’s stock after purchasing an additional 396,884 shares during the quarter. Millennium Management LLC owned approximately 0.90% of A10 Networks worth $4,146,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ATEN. Legal & General Group Plc grew its stake in A10 Networks by 8.0% during the 4th quarter. Legal & General Group Plc now owns 1,743,894 shares of the communications equipment provider’s stock valued at $10,882,000 after purchasing an additional 129,889 shares during the last quarter. Jane Street Group LLC purchased a new stake in A10 Networks during the 4th quarter valued at about $317,000. Metropolitan Life Insurance Co. NY grew its stake in A10 Networks by 318.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,016 shares of the communications equipment provider’s stock valued at $100,000 after purchasing an additional 12,193 shares during the last quarter. Divisar Capital Management LLC grew its stake in A10 Networks by 29.6% during the 4th quarter. Divisar Capital Management LLC now owns 2,545,780 shares of the communications equipment provider’s stock valued at $15,886,000 after purchasing an additional 581,832 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of A10 Networks by 19.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 467,964 shares of the communications equipment provider’s stock valued at $2,920,000 after buying an additional 77,786 shares during the period. Hedge funds and other institutional investors own 62.59% of the company’s stock.
ATEN has been the subject of several analyst reports. Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. ValuEngine cut A10 Networks from a “buy” rating to a “hold” rating in a report on Monday.
In related news, EVP Robert D. Cochran sold 9,813 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $6.65, for a total value of $65,256.45. Following the completion of the transaction, the executive vice president now owns 186,031 shares of the company’s stock, valued at approximately $1,237,106.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gunter Reiss sold 4,209 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $6.68, for a total value of $28,116.12. The disclosure for this sale can be found here. Insiders own 28.87% of the company’s stock.
Shares of ATEN stock opened at $6.85 on Wednesday. A10 Networks Inc has a 52-week low of $5.51 and a 52-week high of $7.46.
A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $61.83 million during the quarter, compared to analysts’ expectations of $61.06 million. A10 Networks had a negative return on equity of 20.49% and a negative net margin of 11.89%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. As a group, research analysts anticipate that A10 Networks Inc will post -0.26 EPS for the current fiscal year.
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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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