True Bearing Asset Management Lp Lowers stake in A10 Networks Inc (ATEN)

A10 Networks Inc (ATEN) : True Bearing Asset Management Lp reduced its stake in A10 Networks Inc by 5.86% during the most recent quarter end. The investment management company now holds a total of 155,988 shares of A10 Networks Inc which is valued at $1,277,542 after selling 9,718 shares in A10 Networks Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.A10 Networks Inc makes up approximately 3.08% of True Bearing Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in ATEN in the latest quarter, The investment management firm added 25,448 additional shares and now holds a total of 124,292 shares of A10 Networks Inc which is valued at $1,017,951.Cornerstone Capital Management Holdings. boosted its stake in ATEN in the latest quarter, The investment management firm added 25,700 additional shares and now holds a total of 48,300 shares of A10 Networks Inc which is valued at $395,577.Tower Research Capital (trc) boosted its stake in ATEN in the latest quarter, The investment management firm added 4,410 additional shares and now holds a total of 5,637 shares of A10 Networks Inc which is valued at $46,167.Blackrock Institutional Trust Company N.a. boosted its stake in ATEN in the latest quarter, The investment management firm added 360,814 additional shares and now holds a total of 962,793 shares of A10 Networks Inc which is valued at $7,885,275. American Century Companies Inc added ATEN to its portfolio by purchasing 91,003 company shares during the most recent quarter which is valued at $683,433.

A10 Networks Inc opened for trading at $9.79 and hit $10.005 on the upside on Thursday, eventually ending the session at $9.93, with a gain of 0.81% or 0.08 points. The heightened volatility saw the trading volume jump to 5,06,490 shares. Company has a market cap of $653 M.

On the company’s financial health, A10 Networks Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.05. The company had revenue of $57.10 million for the quarter, compared to analysts expectations of $56.11 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on A10 Networks Inc. Company shares were Reiterated by Dougherty & Company on Aug 29, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $9 .

A10 Networks Inc. (A10) is a provider of advanced application networking technologies. The Company’s products are built on its Advanced Core Operating System (ACOS). Its offers three software -based advanced application networking solutions. These are Application Delivery Controllers (ADCs) which can optimize data center performance; Carrier Grade Networking products (CGN) which provides address and protocol translation services for service provider networks and Distributed Denial of Service Threat Protection System (TPS) for network-wide security protection. The Company delivers these solutions both on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. The Company offers its solutions to enterprises service providers Web giants and Government organizations.

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