Dynamic Technology Lab Private Ltd Invests $897,000 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 purchased a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ATEN. Vestcor Inc acquired a new stake in A10 Networks in the first quarter worth about $44,000. Sunbelt Securities Inc. acquired a new stake in A10 Networks in the fourth quarter worth about $50,000. Caitong International Asset Management Co. Ltd acquired a new stake in A10 Networks in the first quarter worth about $55,000. CWM LLC boosted its holdings in A10 Networks by 45.6% in the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock worth $76,000 after acquiring an additional 1,454 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in A10 Networks in the first quarter worth about $188,000. Institutional investors and hedge funds own 98.61% of the company's stock.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the transaction, the chief financial officer directly owned 77,599 shares of the company's stock, valued at approximately $1,399,109.97. The trade was a 7.62% 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. Insiders own 1.15% of the company's stock.

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of A10 Networks in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 target price for the company. BTIG Research raised A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 target price for the company in a report on Wednesday, August 6th. Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating for the company. Finally, Wall Street Zen raised A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, A10 Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

A10 Networks Stock Performance

NYSE:ATEN traded down $0.44 during trading hours on Friday, reaching $17.43. The company had a trading volume of 499,322 shares, compared to its average volume of 594,283. A10 Networks, Inc. has a 1-year low of $13.30 and a 1-year high of $21.90. The firm has a market cap of $1.26 billion, a PE ratio of 25.64 and a beta of 1.37. The business's 50 day moving average price is $17.99 and its 200-day moving average price is $17.65. 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 (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. During the same period in the previous year, the company posted $0.18 earnings per share. A10 Networks's revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

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

A10 Networks 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.