A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Haven Private LLC

Key Points

• Haven Private LLC increased its holdings in A10 Networks by 80.1%, acquiring a total of 42,094 shares, which is approximately $688,000 in value.
• A10 Networks reported a quarterly EPS of $0.20, exceeding the consensus estimate of $0.19, and their revenue increased by 8.9% year-over-year to $66.14 million.
• Analyst ratings are mostly positive, with a consensus rating of "Moderate Buy" and a target price averaging $22.00, indicating potential upside for investors.

Haven Private LLC boosted its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 80.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,094 shares of the communications equipment provider's stock after buying an additional 18,717 shares during the quarter. Haven Private LLC owned approximately 0.06% of A10 Networks worth $688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vestcor Inc bought a new stake in A10 Networks in the first quarter valued at $44,000. Sunbelt Securities Inc. acquired a new stake in A10 Networks in the 4th quarter valued at about $50,000. CWM LLC boosted its holdings in A10 Networks by 45.6% during the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock worth $76,000 after buying an additional 1,454 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of A10 Networks during the 4th quarter worth $197,000. Finally, iSAM Funds UK Ltd purchased a new position in A10 Networks in the 4th quarter worth about $206,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at A10 Networks

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

A10 Networks Trading Down 3.6%

ATEN stock opened at $17.75 on Friday. The business has a fifty day moving average price of $18.41 and a 200 day moving average price of $18.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.05 and a quick ratio of 3.87. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 4.21 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ATEN. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a report on Friday, May 2nd. Mizuho began coverage on shares of A10 Networks in a research note on Monday, July 14th. They issued a "neutral" rating for the company. BWS Financial reaffirmed a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price target for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a research note on Saturday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.