Jacobs Levy Equity Management Inc. Increases Stock Holdings in A10 Networks, Inc. $ATEN

Jacobs Levy Equity Management Inc. increased its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 27.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 482,366 shares of the communications equipment provider's stock after buying an additional 103,560 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.67% of A10 Networks worth $7,882,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in A10 Networks by 5.1% in the fourth quarter. Northern Trust Corp now owns 765,209 shares of the communications equipment provider's stock valued at $14,080,000 after purchasing an additional 36,887 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in A10 Networks by 131.1% in the fourth quarter. BNP Paribas Financial Markets now owns 97,521 shares of the communications equipment provider's stock valued at $1,794,000 after purchasing an additional 55,314 shares in the last quarter. Bank of America Corp DE boosted its holdings in A10 Networks by 43.5% in the fourth quarter. Bank of America Corp DE now owns 181,956 shares of the communications equipment provider's stock valued at $3,348,000 after purchasing an additional 55,134 shares in the last quarter. Centiva Capital LP boosted its holdings in A10 Networks by 25.6% in the fourth quarter. Centiva Capital LP now owns 16,774 shares of the communications equipment provider's stock valued at $309,000 after purchasing an additional 3,424 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in A10 Networks in the fourth quarter valued at approximately $239,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the firm's stock in a transaction 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 sale, the chief financial officer owned 77,599 shares of the company's stock, valued at approximately $1,399,109.97. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

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

A10 Networks Stock Performance

Shares of A10 Networks stock traded down $0.44 during trading hours on Friday, hitting $17.43. 499,322 shares of the company were exchanged, compared to its average volume of 599,879. A10 Networks, Inc. has a 1 year low of $13.30 and a 1 year high of $21.90. The company has a current ratio of 4.23, a quick ratio of 4.04 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average of $17.99 and a 200-day moving average of $17.66. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 25.64 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results 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 return on equity of 25.46% and a net margin of 18.45%.The business had revenue of $69.38 million during the quarter, compared to analysts' expectations of $65.99 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company's quarterly revenue was up 15.5% compared to the same quarter last year. As a group, analysts expect that A10 Networks, Inc. will post 0.69 EPS 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 $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 dividend payout ratio (DPR) is 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.