Two Sigma Investments LP Acquires 155,058 Shares of A10 Networks Inc (NYSE:ATEN)

Two Sigma Investments LP raised its position in A10 Networks Inc (NYSE:ATEN) by 127.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,476 shares of the communications equipment provider’s stock after purchasing an additional 155,058 shares during the quarter. Two Sigma Investments LP owned about 0.37% of A10 Networks worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of A10 Networks by 3.9% during the 3rd quarter. Renaissance Technologies LLC now owns 2,074,300 shares of the communications equipment provider’s stock valued at $12,612,000 after purchasing an additional 76,900 shares in the last quarter. Divisar Capital Management LLC raised its holdings in shares of A10 Networks by 35.0% during the 3rd quarter. Divisar Capital Management LLC now owns 1,963,948 shares of the communications equipment provider’s stock valued at $11,941,000 after purchasing an additional 508,902 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of A10 Networks by 18.6% during the 3rd quarter. Legal & General Group Plc now owns 1,614,005 shares of the communications equipment provider’s stock valued at $9,813,000 after purchasing an additional 252,789 shares in the last quarter. Royce & Associates LP raised its holdings in shares of A10 Networks by 1.9% during the 3rd quarter. Royce & Associates LP now owns 1,059,719 shares of the communications equipment provider’s stock valued at $6,443,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of A10 Networks by 0.3% during the 4th quarter. Northern Trust Corp now owns 619,058 shares of the communications equipment provider’s stock valued at $3,862,000 after purchasing an additional 2,011 shares in the last quarter. Institutional investors own 62.59% of the company’s stock.

In other news, VP Gunter Reiss sold 4,209 shares of A10 Networks stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $6.68, for a total transaction of $28,116.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert D. Cochran sold 9,813 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $6.65, for a total transaction of $65,256.45. Following the completion of the transaction, the executive vice president now owns 186,031 shares in the company, valued at $1,237,106.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,182 shares of company stock worth $101,295. Insiders own 28.87% of the company’s stock.

A number of research firms have recently weighed in on ATEN. ValuEngine downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th.

ATEN traded up $0.11 during trading on Wednesday, hitting $7.15. The stock had a trading volume of 458,698 shares, compared to its average volume of 367,577. The company has a market capitalization of $524.61 million, a PE ratio of -32.50 and a beta of 0.73. A10 Networks Inc has a 12 month low of $5.51 and a 12 month high of $7.46.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. A10 Networks had a negative net margin of 11.89% and a negative return on equity of 20.49%. The company had revenue of $61.83 million for the quarter, compared to the consensus estimate of $61.06 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts forecast that A10 Networks Inc will post -0.26 EPS for the current 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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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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