Bryce Point Capital LLC Purchases New Holdings in A10 Networks, Inc. (NYSE:ATEN)

Key Points

• Bryce Point Capital LLC acquired 41,834 shares of A10 Networks, Inc. (NYSE:ATEN), valued at approximately $721,000, representing about 0.06% ownership of the company at the end of the recent quarter.
• Several institutional investors have significantly increased their holdings in A10 Networks, with Boston Trust Walden Corp purchasing a new position valued at approximately $26.9 million during the same period.
• A10 Networks has a current average stock rating of "Moderate Buy" with an average price target of $22.00, despite mixed reviews from various brokerages.

Bryce Point Capital LLC purchased a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,834 shares of the communications equipment provider's stock, valued at approximately $721,000. Bryce Point Capital LLC owned about 0.06% of A10 Networks as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ATEN. Pacer Advisors Inc. boosted its stake in shares of A10 Networks by 215.2% during the 1st quarter. Pacer Advisors Inc. now owns 28,725 shares of the communications equipment provider's stock worth $469,000 after acquiring an additional 19,611 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in A10 Networks in the 1st quarter worth $2,281,000. Y Intercept Hong Kong Ltd bought a new stake in A10 Networks during the first quarter valued at about $719,000. Allianz Asset Management GmbH grew its holdings in A10 Networks by 98.7% during the first quarter. Allianz Asset Management GmbH now owns 197,881 shares of the communications equipment provider's stock valued at $3,233,000 after purchasing an additional 98,293 shares during the period. Finally, Summit Partners L P grew its holdings in A10 Networks by 7.4% during the first quarter. Summit Partners L P now owns 187,367 shares of the communications equipment provider's stock valued at $3,062,000 after purchasing an additional 12,903 shares during the period. Hedge funds and other institutional investors own 98.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings reissued a "hold (c)" rating on shares of A10 Networks in a report on Thursday, July 17th. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a report on Friday, May 2nd. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of A10 Networks in a research note on Friday, June 27th. They set a "buy" rating and a $22.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

Insider Buying and Selling at A10 Networks

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the sale, the general counsel owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.15% of the company's stock.

A10 Networks Price Performance

Shares of A10 Networks stock traded down $0.31 during trading hours on Thursday, reaching $18.39. The company's stock had a trading volume of 348,225 shares, compared to its average volume of 970,861. The firm has a 50 day moving average price of $18.37 and a 200-day moving average price of $18.21. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87. The stock has a market cap of $1.33 billion, a P/E ratio of 27.44, a P/E/G ratio of 4.46 and a beta of 1.39.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The firm had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. During the same period in the previous year, the firm posted $0.17 EPS. The business's quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio is currently 35.82%.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.