Alps Advisors Inc. Invests $331,000 in A10 Networks, Inc. (NYSE:ATEN)

Alps Advisors Inc. bought a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,240 shares of the communications equipment provider's stock, valued at approximately $331,000.

Several other hedge funds also recently bought and sold shares of ATEN. Linden Thomas Advisory Services LLC boosted its holdings in shares of A10 Networks by 7.9% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 13,155 shares of the communications equipment provider's stock worth $215,000 after acquiring an additional 963 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of A10 Networks by 3.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider's stock valued at $574,000 after acquiring an additional 1,010 shares during the period. Wedge Capital Management L L P NC raised its position in A10 Networks by 1.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 80,299 shares of the communications equipment provider's stock worth $1,312,000 after purchasing an additional 1,295 shares during the period. Verity Asset Management Inc. lifted its stake in shares of A10 Networks by 1.7% in the first quarter. Verity Asset Management Inc. now owns 81,669 shares of the communications equipment provider's stock worth $1,334,000 after buying an additional 1,378 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of A10 Networks by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 42,803 shares of the communications equipment provider's stock worth $788,000 after buying an additional 2,375 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen lowered A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Mizuho started coverage on A10 Networks in a research note on Monday, July 14th. They set a "neutral" rating for the company. BWS Financial reiterated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a report on Thursday. Finally, Raymond James Financial began coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.00.

Insider Buying and Selling

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction on 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 transaction, the general counsel directly owned 61,007 shares of the company's stock, valued at $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.15% of the company's stock.

A10 Networks Price Performance

Shares of NYSE ATEN traded up $0.11 during trading on Monday, hitting $18.84. The company had a trading volume of 662,105 shares, compared to its average volume of 838,901. The company has a market cap of $1.36 billion, a P/E ratio of 28.12, a PEG ratio of 4.44 and a beta of 1.39. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The business's 50-day moving average is $18.19 and its 200 day moving average is $18.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.87 and a current ratio of 4.05.

A10 Networks (NYSE:ATEN - Get Free Report) last announced 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. The business had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. A10 Networks's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Equities research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. 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.