Summit Partners L P buys $66,349,305 stake in A10 Networks Inc (ATEN)

A10 Networks Inc (ATEN) : Summit Partners L P scooped up 23,622 additional shares in A10 Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 9,451,468 shares of A10 Networks Inc which is valued at $66,349,305.A10 Networks Inc makes up approximately 59.18% of Summit Partners L P’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added ATEN to its portfolio by purchasing 662 company shares during the most recent quarter which is valued at $4,647.Franklin Street Advisors Inc Nc reduced its stake in ATEN by selling 10,650 shares or 32.27% in the most recent quarter. The Hedge Fund company now holds 22,350 shares of ATEN which is valued at $156,897. A10 Networks Inc makes up approx 0.03% of Franklin Street Advisors Inc Nc’s portfolio. Bnp Paribas Arbitrage Sa added ATEN to its portfolio by purchasing 1,711 company shares during the most recent quarter which is valued at $11,857.

A10 Networks Inc closed down -0.03 points or -0.43% at $6.91 with 2,11,566 shares getting traded on Friday. Post opening the session at $6.99, the shares hit an intraday low of $6.9 and an intraday high of $7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, A10 Networks Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.08. The company had revenue of $53.80 million for the quarter, compared to analysts expectations of $53.31 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

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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