GAMMA Investing LLC Acquires 47,610 Shares of A10 Networks, Inc. (NYSE:ATEN)

GAMMA Investing LLC grew its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 1,938.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,066 shares of the communications equipment provider's stock after buying an additional 47,610 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of A10 Networks worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new position in A10 Networks in the fourth quarter valued at approximately $50,000. Harvest Fund Management Co. Ltd acquired a new stake in A10 Networks in the fourth quarter worth $161,000. Freestone Grove Partners LP bought a new position in shares of A10 Networks during the fourth quarter worth $197,000. Sciencast Management LP bought a new position in shares of A10 Networks during the fourth quarter worth $198,000. Finally, iSAM Funds UK Ltd bought a new position in shares of A10 Networks during the fourth quarter worth $206,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ATEN shares. Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a report on Saturday. Raymond James Financial began coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, A10 Networks has an average rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $18.06 on Wednesday. The stock has a market capitalization of $1.30 billion, a PE ratio of 26.96 and a beta of 1.38. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $16.95 and a 200-day moving average of $18.12. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $63.63 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company's revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, May 15th. A10 Networks's payout ratio is 35.82%.

Insiders Place Their Bets

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.15% of the company's stock.

About A10 Networks

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.

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