The most recent 13F filing that Counterpoint Mutual Funds LLC has made with the Securities and Exchange Commission reveals that the company opened a new position in A10 Networks, Inc. (NYSE: ATEN) during the third quarter. According to the filing that the company made, this is the case. A communications equipment provider received approximately 116,000 dollars from the fund in exchange for the 8,746 shares they owned. This transaction took place in exchange for the stock.
Recently, several other institutional investors, including hedge funds and individual investors, changed the proportion of their holdings that are allocated to the company. The Oregon Public Employees Retirement Fund increased the amount of A10 Networks stock in the company by 12.6% during the third quarter of this fiscal year. The Oregon Public Employees Retirement Fund is now the owner of 21,975 shares of the communications equipment provider’s stock, which has a value of $292,000 thanks to the purchase of an additional 2,454 shares during the relevant period. Great West Life Assurance Company of Canada spent close to $945,000 during the third quarter to purchase a new investment in A10 Networks. The transaction took place during that period. During the third quarter of the fiscal year, Assetmark Inc. brought its total ownership of A10 Networks to a level that was 5,553.7% higher. Assetmark Inc. now has 84,918 shares of the communications equipment provider’s stock, worth a combined total of $1,127,000. This results from the company purchasing an additional 83,416 shares during the period in question. Through the third quarter, Lewis Capital Management LLC increased the proportion of A10 Networks stock owned by 1.8%. Following the purchase of 3,322 additional shares during the period, Lewis Capital Management LLC now owns a total of 188,057 shares of the communications equipment provider’s stock, which has a value of $2,496,000. This brings the total number of shares owned by Lewis Capital Management LLC to 188,057. The New York State Teachers Retirement System increased the amount of A10 Networks stock owned by 6.8% during the third quarter of this fiscal year. The New York State Teachers Retirement System now has a total of 36,494 shares of the communications equipment provider’s stock, which have a value of $484,000 following the purchase of an additional 2,311 shares during the period in question. These shares have a value of $400,000 each. Other institutional investors, such as hedge funds, hold 88.86% of the company’s shares.
The NYSE ATEN reached $15.84 at one point during trading on Wednesday, which is an increase of $0.15 from the previous day’s closing price. Compared to the volume of 2,361 transactions, an average of 521,279 shares, the number of shares of the company’s stock that were traded was significantly higher. A10 Networks, Inc. hit a low point over the past year in its stock price of $12.27, while the company reached a high point over the past year of $19.79. The company has a price-to-earnings ratio of 31.38 and a beta of 1.02, giving it a market capitalization of $1.16 billion. The moving average for the company over the previous 200 days is $15.71, while the moving average for the previous 50 days is $17.49.
On November 1, a Tuesday, A10 Networks (NYSE: ATEN) disseminated the most recent quarterly earnings report for the company. This report covered the company’s performance over the past three months. The manufacturer of communications technology reported a quarterly profit of $0.12 per share, which was significantly lower than the consensus estimate of $0.13, a margin of $0.05 lower. The return on equity for A10 Networks was calculated to be 20.73%, while the net margin for the company was 14.49%. The company’s most recent quarter’s sales came in at $72.06 million, which is significantly higher than the $69.96 million predicted by industry analysts for the company’s sales for the quarter in question. According to projections made by analysts who specialize in researching the stock market, A10 Networks, Inc. is expected to generate earnings of $0.53 per share during the current fiscal year.
Additionally, the business just recently announced and disbursed a quarterly dividend, which was paid out on December 1. This transaction took place very recently. Shareholders listed as record holders as of the previous business day were eligible to receive a dividend payment of $0.06 on November 15. The most recent quarterly dividend paid by A10 Networks was $0.05; as a result, this amount represents an increase from that previous payout. The dividend distribution occurred on November 14, when the payment was made. This results in an annual dividend payment of $0.24, equivalent to a dividend yield of 1.52%. A10 Networks’ dividends returned to shareholders account for 48,000% of total dividends.
According to related news, Executive Vice President Matthew P. Bruening sold 5,143 shares of company stock on November 3. The shares were sold for a total of $91,082.53, which works out to an average price of $17.71 per share when divided by the number of shares sold. Following the completion of the transaction, the executive vice president will have 120,775 shares of the company’s stock, each of which is approximately valued at $2,138,925.25. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. In other news, on November 4, the company’s Chief Financial Officer, Brian Becker, made a transaction in which he sold 5,000 shares of the company’s stock. A total of $90,000 worth of stock changed hands, and it was purchased and sold at an average price of $18.00 per share. Because of the transaction, the chief financial officer now owns 55,673 shares. The value of these shares, taking into account the stock’s current price, comes to approximately $1,002,114. When you click on this link, you will be taken to a document given to the SEC. This document contains information about the transaction and the presentation given to the SEC. Matthew P. Bruening, Executive Vice President of the company, sold 5,143 shares of the company’s stock on November 3. The price of one share of stock sold was $17.71, and a total of $91,082.53 worth of stock was sold. Overall, the average price per share was $17.71. The executive vice president is now the owner of 120,775 company shares, which have a combined value of $2,138,925.25 as a direct result of the transaction. The disclosure about the purchase can be found in this particular location. Over the past ninety days, company insiders have sold a total of 85,763 company stock shares, resulting in a total sale price of $1,555,514. Company insiders control 14.22% of the total shares currently outstanding in the company.
Numerous research projects have been conducted with ATEN as the focus of their attention. BWS Financial raised the target price of A10 Networks’ stock in a research note published on November 2 and increased from $20.00 to $24.00. BWS Financial also assigned the company a “buy” rating for its shares. Although the company had been assigned a “hold” rating in the past, StockNews.com suggested buying A10 Networks in a research report published on November 10.