Marshall Wace North America L.P. Grows Holdings in A10 Networks, Inc. (ATEN)

Marshall Wace North America L.P. boosted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,107 shares of the communications equipment provider’s stock after purchasing an additional 7,681 shares during the quarter. Marshall Wace North America L.P. owned approximately 0.13% of A10 Networks worth $609,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in A10 Networks by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 216,671 shares of the communications equipment provider’s stock worth $1,829,000 after purchasing an additional 6,708 shares during the period. Rhumbline Advisers boosted its holdings in A10 Networks by 13.3% in the second quarter. Rhumbline Advisers now owns 53,844 shares of the communications equipment provider’s stock worth $454,000 after purchasing an additional 6,316 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in A10 Networks by 16.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,320 shares of the communications equipment provider’s stock worth $1,430,000 after purchasing an additional 24,074 shares during the period. Algert Global LLC acquired a new position in A10 Networks in the second quarter worth $354,000. Finally, Essex Investment Management Co. LLC boosted its holdings in A10 Networks by 30.3% in the second quarter. Essex Investment Management Co. LLC now owns 182,575 shares of the communications equipment provider’s stock worth $1,541,000 after purchasing an additional 42,414 shares during the period. 56.51% of the stock is owned by hedge funds and other institutional investors.

In other A10 Networks news, VP Neil Wu Becker sold 5,156 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $6.50, for a total transaction of $33,514.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lee Chen sold 25,000 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $8.46, for a total value of $211,500.00. Following the transaction, the chief executive officer now owns 10,686,538 shares of the company’s stock, valued at $90,408,111.48. The disclosure for this sale can be found here. Insiders have sold 336,156 shares of company stock valued at $2,371,304 over the last quarter. Corporate insiders own 34.05% of the company’s stock.

A10 Networks, Inc. (NYSE ATEN) opened at 6.68 on Wednesday. The firm has a 50-day moving average of $6.52 and a 200-day moving average of $8.04. A10 Networks, Inc. has a 12-month low of $6.02 and a 12-month high of $10.87. The firm’s market cap is $394.32 million.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The business had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. During the same period in the prior year, the company posted ($0.02) earnings per share. A10 Networks’s revenue was down 6.0% on a year-over-year basis. On average, analysts expect that A10 Networks, Inc. will post ($0.08) EPS for the current year.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of A10 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Bank of America Corporation decreased their price objective on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a report on Friday, July 14th. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. A10 Networks has a consensus rating of “Hold” and a consensus price target of $9.60.

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A10 Networks Company Profile

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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