Dynamic Technology Lab Private Ltd Takes Position in A10 Networks, Inc. $ATEN

Key Points

• Dynamic Technology Lab Private Ltd acquired 54,855 shares of A10 Networks, Inc. (NYSE:ATEN) for approximately $897,000 during Q1, representing about 0.08% ownership of the company.
• A number of institutional investors, including Principal Financial Group and GAMMA Investing LLC, have significantly increased their holdings in A10 Networks, indicating strong interest in the stock.
• A10 Networks reported $0.21 EPS for its last quarter, which surpassed analyst expectations, with a revenue increase of 15.5% year-over-year.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 54,855 shares of the communications equipment provider's stock, valued at approximately $897,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of A10 Networks at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Federated Hermes Inc. grew its stake in A10 Networks by 1.8% during the 1st quarter. Federated Hermes Inc. now owns 45,488 shares of the communications equipment provider's stock valued at $743,000 after acquiring an additional 783 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in A10 Networks by 7.9% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 13,155 shares of the communications equipment provider's stock valued at $215,000 after acquiring an additional 963 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in A10 Networks by 1.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 80,299 shares of the communications equipment provider's stock valued at $1,312,000 after acquiring an additional 1,295 shares in the last quarter. Verity Asset Management Inc. grew its stake in A10 Networks by 1.7% during the 1st quarter. Verity Asset Management Inc. now owns 81,669 shares of the communications equipment provider's stock valued at $1,334,000 after acquiring an additional 1,378 shares in the last quarter. Finally, CWM LLC boosted its holdings in A10 Networks by 45.6% in the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock valued at $76,000 after purchasing an additional 1,454 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ATEN. Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a report on Friday, June 27th. They issued a "buy" rating and a $22.00 target price on the stock. Mizuho began coverage on shares of A10 Networks in a report on Monday, July 14th. They issued a "neutral" rating on the stock. Wall Street Zen upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a report on Wednesday, September 3rd. Finally, BTIG Research upgraded shares of A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the sale, the chief financial officer directly owned 77,599 shares in the company, valued at $1,399,109.97. This represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by company insiders.

A10 Networks Trading Down 2.4%

Shares of ATEN stock traded down $0.44 during trading hours on Friday, hitting $17.43. The company had a trading volume of 499,322 shares, compared to its average volume of 934,243. The company's fifty day moving average is $18.04 and its 200 day moving average is $17.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. A10 Networks, Inc. has a fifty-two week low of $13.30 and a fifty-two week high of $21.90. The stock has a market capitalization of $1.26 billion, a PE ratio of 25.64 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The firm had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. During the same period in the prior year, the business posted $0.18 EPS. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks's dividend payout ratio is 35.29%.

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.