ETF Managers Group LLC cut its stake in shares of A10 Networks Inc (NYSE:ATEN) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,016,499 shares of the communications equipment provider’s stock after selling 130,097 shares during the quarter. ETF Managers Group LLC owned about 1.38% of A10 Networks worth $6,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in A10 Networks by 123.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the communications equipment provider’s stock valued at $36,000 after purchasing an additional 3,173 shares during the period. State Board of Administration of Florida Retirement System lifted its position in A10 Networks by 30.9% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 17,358 shares of the communications equipment provider’s stock valued at $108,000 after purchasing an additional 4,100 shares during the period. TIAA CREF Investment Management LLC lifted its position in A10 Networks by 3.6% during the third quarter. TIAA CREF Investment Management LLC now owns 293,164 shares of the communications equipment provider’s stock valued at $1,782,000 after purchasing an additional 10,193 shares during the period. MetLife Investment Advisors LLC lifted its position in A10 Networks by 56.1% during the third quarter. MetLife Investment Advisors LLC now owns 33,920 shares of the communications equipment provider’s stock valued at $206,000 after purchasing an additional 12,193 shares during the period. Finally, Wells Fargo & Company MN lifted its position in A10 Networks by 18.8% during the third quarter. Wells Fargo & Company MN now owns 88,509 shares of the communications equipment provider’s stock valued at $538,000 after purchasing an additional 14,037 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on ATEN. Zacks Investment Research downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. DA Davidson upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $6.06 target price for the company in a research report on Monday, December 10th.

In related news, EVP Christopher P. White sold 9,303 shares of the business’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $6.15, for a total transaction of $57,213.45. Following the completion of the transaction, the executive vice president now directly owns 81,020 shares in the company, valued at $498,273. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 28.87% of the company’s stock.

NYSE ATEN opened at $7.01 on Thursday. A10 Networks Inc has a 1 year low of $5.51 and a 1 year high of $7.46.

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

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