Bank of Montreal Can lifted its stake in A10 Networks Inc (NYSE:ATEN) by 1,598.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,238 shares of the communications equipment provider’s stock after purchasing an additional 22,811 shares during the quarter. Bank of Montreal Can’s holdings in A10 Networks were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in ATEN. Divisar Capital Management LLC boosted its position in shares of A10 Networks by 29.6% in the 4th quarter. Divisar Capital Management LLC now owns 2,545,780 shares of the communications equipment provider’s stock valued at $15,886,000 after purchasing an additional 581,832 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of A10 Networks in the 1st quarter valued at $3,503,000. Millennium Management LLC boosted its position in shares of A10 Networks by 148.3% in the 4th quarter. Millennium Management LLC now owns 664,448 shares of the communications equipment provider’s stock valued at $4,146,000 after purchasing an additional 396,884 shares during the period. Deutsche Bank AG boosted its position in shares of A10 Networks by 83.8% in the 4th quarter. Deutsche Bank AG now owns 485,464 shares of the communications equipment provider’s stock valued at $3,028,000 after purchasing an additional 221,271 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of A10 Networks by 127.7% in the 4th quarter. Two Sigma Investments LP now owns 276,476 shares of the communications equipment provider’s stock valued at $1,725,000 after purchasing an additional 155,058 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.

A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. ValuEngine upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th.

Shares of A10 Networks stock opened at $6.01 on Tuesday. The stock has a market capitalization of $460.61 million, a P/E ratio of -27.32 and a beta of 0.71. A10 Networks Inc has a 1 year low of $5.51 and a 1 year high of $7.46.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $50.30 million during the quarter, compared to analysts’ expectations of $51.66 million. A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. A10 Networks’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts predict that A10 Networks Inc will post -0.3 earnings per share 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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