Schwab Charles Investment Management Inc. increased its holdings in shares of A10 Networks Inc (NYSE:ATEN) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,454 shares of the communications equipment provider’s stock after buying an additional 27,764 shares during the period. Schwab Charles Investment Management Inc. owned about 0.36% of A10 Networks worth $1,598,000 at the end of the most recent quarter.
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 stake in A10 Networks during the 2nd quarter worth approximately $145,000. New York State Common Retirement Fund increased 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 buying an additional 26,504 shares during the period. Swiss National Bank increased 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 buying an additional 10,200 shares during the period. Bank of New York Mellon Corp increased its stake in A10 Networks by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,757 shares of the communications equipment provider’s stock worth $1,500,000 after buying an additional 16,149 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in A10 Networks by 92.2% during the 1st quarter. JPMorgan Chase & Co. now owns 260,253 shares of the communications equipment provider’s stock worth $1,515,000 after buying an additional 124,850 shares during the period. 62.41% of the stock is currently owned by hedge funds and other institutional investors.
NYSE ATEN opened at $5.57 on Friday. A10 Networks Inc has a 52 week low of $5.51 and a 52 week high of $8.25.
A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, August 30th. The communications equipment provider reported ($0.01) EPS for the quarter, topping the 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. On average, equities research analysts forecast that A10 Networks Inc will post -0.34 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Monday, September 10th.
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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