Log Out

Comerica Bank Has $824,000 Holdings in A10 Networks, Inc. (NYSE:ATEN)

Defense World · Jan 26, 2023 04:47

Comerica Bank lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN – Get Rating) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,635 shares of the communications equipment provider's stock after buying an additional 1,000 shares during the period. Comerica Bank owned about 0.07% of A10 Networks worth $824,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in shares of A10 Networks during the 2nd quarter worth about $561,000. Arizona State Retirement System boosted its stake in shares of A10 Networks by 13.4% during the 2nd quarter. Arizona State Retirement System now owns 17,834 shares of the communications equipment provider's stock worth $256,000 after buying an additional 2,112 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of A10 Networks in the 2nd quarter valued at about $347,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of A10 Networks by 35.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,131,642 shares of the communications equipment provider's stock valued at $16,273,000 after purchasing an additional 296,250 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of A10 Networks in the 3rd quarter valued at about $324,000. 88.86% of the stock is currently owned by institutional investors and hedge funds.

Get A10 Networks alerts:

Insider Buying and Selling at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 15,079 shares of the stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $18.84, for a total value of $284,088.36. Following the transaction, the chief executive officer now directly owns 500,956 shares of the company's stock, valued at approximately $9,438,011.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other A10 Networks news, CFO Brian Becker sold 5,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. Following the transaction, the chief financial officer now owns 55,673 shares in the company, valued at approximately $1,002,114. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dhrupad Trivedi sold 15,079 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $18.84, for a total transaction of $284,088.36. Following the transaction, the chief executive officer now owns 500,956 shares in the company, valued at approximately $9,438,011.04. The disclosure for this sale can be found here. Insiders have sold a total of 85,763 shares of company stock valued at $1,555,514 in the last three months. 14.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ATEN. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Thursday, November 10th. BWS Financial upped their target price on shares of A10 Networks from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, November 2nd.

A10 Networks Stock Performance

Shares of ATEN stock opened at $15.82 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 31.64 and a beta of 1.02. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $19.79. The firm's 50-day moving average is $17.14 and its 200-day moving average is $15.77.

A10 Networks (NYSE:ATEN – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The communications equipment provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $72.06 million during the quarter, compared to the consensus estimate of $69.96 million. A10 Networks had a net margin of 14.49% and a return on equity of 20.73%. Sell-side analysts predict that A10 Networks, Inc. will post 0.53 EPS for the current fiscal year.

A10 Networks Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th were issued a $0.06 dividend. This is a boost from A10 Networks's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.52%. The ex-dividend date was Monday, November 14th. A10 Networks's dividend payout ratio is currently 48.00%.

A10 Networks Profile

(Get Rating)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. 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 microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.