Divisar Capital Management LLC Has $10.24 Million Position in A10 Networks, Inc. (ATEN)

Divisar Capital Management LLC raised its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 27.2% during the first quarter, Holdings Channel reports. The fund owned 1,118,670 shares of the communications equipment provider’s stock after buying an additional 239,118 shares during the period. A10 Networks makes up 5.6% of Divisar Capital Management LLC’s portfolio, making the stock its 5th largest position. Divisar Capital Management LLC owned 1.90% of A10 Networks worth $10,236,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ATEN. Tudor Investment Corp Et Al raised its position in shares of A10 Networks by 1.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 26,310 shares of the communications equipment provider’s stock valued at $219,000 after buying an additional 292 shares during the last quarter. Putnam Investments LLC raised its position in shares of A10 Networks by 1.9% in the fourth quarter. Putnam Investments LLC now owns 79,778 shares of the communications equipment provider’s stock valued at $663,000 after buying an additional 1,475 shares during the last quarter. American International Group Inc. raised its position in shares of A10 Networks by 7.1% in the first quarter. American International Group Inc. now owns 27,138 shares of the communications equipment provider’s stock valued at $248,000 after buying an additional 1,792 shares during the last quarter. American Century Companies Inc. raised its position in shares of A10 Networks by 2.5% in the first quarter. American Century Companies Inc. now owns 76,115 shares of the communications equipment provider’s stock valued at $696,000 after buying an additional 1,870 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of A10 Networks by 7.5% in the first quarter. Swiss National Bank now owns 77,500 shares of the communications equipment provider’s stock valued at $709,000 after buying an additional 5,400 shares during the last quarter. Institutional investors own 57.82% of the company’s stock.

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

Shares of A10 Networks, Inc. (NYSE ATEN) traded up 0.12% during midday trading on Friday, reaching $8.30. The company had a trading volume of 689,998 shares. A10 Networks, Inc. has a one year low of $6.05 and a one year high of $10.86. The company’s market capitalization is $489.95 million. The company has a 50 day moving average of $8.31 and a 200 day moving average of $8.63.

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Separately, Zacks Investment Research lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, March 27th.

In other news, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $9.21, for a total transaction of $230,250.00. Following the transaction, the chief executive officer now directly owns 10,889,788 shares of the company’s stock, valued at $100,294,947.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert D. Cochran sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $8.99, for a total value of $44,950.00. Following the transaction, the executive vice president now directly owns 203,162 shares in the company, valued at $1,826,426.38. The disclosure for this sale can be found here. In the last three months, insiders sold 322,236 shares of company stock worth $2,768,259. 34.05% of the stock is owned by insiders.

About A10 Networks

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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