Rice Hall James & Associates LLC Cuts Holdings in A10 Networks, Inc. (NYSE:ATEN)

Rice Hall James & Associates LLC lessened its stake in A10 Networks, Inc. (NYSE:ATEN) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 386,703 shares of the communications equipment provider’s stock after selling 2,968 shares during the quarter. Rice Hall James & Associates LLC’s holdings in A10 Networks were worth $5,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in A10 Networks by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider’s stock worth $93,090,000 after acquiring an additional 102,501 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of A10 Networks by 20.4% in the 1st quarter. BNP Paribas Financial Markets now owns 106,548 shares of the communications equipment provider’s stock valued at $1,459,000 after acquiring an additional 18,073 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of A10 Networks by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 61,174 shares of the communications equipment provider’s stock worth $837,000 after acquiring an additional 973 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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 worth $8,020,000 after acquiring an additional 24,672 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in A10 Networks by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after purchasing an additional 984 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Down 0.5 %

Shares of NYSE ATEN opened at $14.67 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 24.86 and a beta of 1.11. A10 Networks, Inc. has a 52-week low of $10.63 and a 52-week high of $16.46. The business has a 50-day moving average price of $14.05 and a 200 day moving average price of $14.01.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BWS Financial reiterated a “buy” rating and set a $17.00 price target on shares of A10 Networks in a research note 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.