Capital Fund Management S.A. bought a new position in shares of A10 Networks Inc (NYSE:ATEN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,900 shares of the communications equipment provider’s stock, valued at approximately $149,000.
A number of other institutional investors and hedge funds have also made changes to their positions in ATEN. Fox Run Management L.L.C. purchased a new position in shares of A10 Networks in the 2nd quarter valued at $145,000. US Bancorp DE boosted its stake in A10 Networks by 36.8% during the 1st quarter. US Bancorp DE now owns 30,418 shares of the communications equipment provider’s stock worth $177,000 after purchasing an additional 8,178 shares during the period. New York State Common Retirement Fund boosted its stake in A10 Networks by 50.7% during the 1st quarter. New York State Common Retirement Fund now owns 78,804 shares of the communications equipment provider’s stock worth $459,000 after purchasing an additional 26,504 shares during the period. Swiss National Bank boosted its stake in A10 Networks by 13.2% during the 1st quarter. Swiss National Bank now owns 87,700 shares of the communications equipment provider’s stock worth $510,000 after purchasing an additional 10,200 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in A10 Networks by 14.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 228,690 shares of the communications equipment provider’s stock worth $1,331,000 after purchasing an additional 28,768 shares during the period. 62.41% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, September 10th.
Shares of ATEN stock traded down $0.08 during mid-day trading on Friday, hitting $5.57. The stock had a trading volume of 427,436 shares, compared to its average volume of 378,843. A10 Networks Inc has a fifty-two week low of $5.51 and a fifty-two week high of $8.25.
A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, August 30th. The communications equipment provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. A10 Networks had a negative net margin of 11.14% and a negative return on equity of 22.44%. The company had revenue of $60.71 million during the quarter, compared to analysts’ expectations of $54.00 million. As a group, research analysts expect that A10 Networks Inc will post -0.34 EPS for the current year.
A10 Networks Company 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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