Jacobs Levy Equity Management Inc. Grows Stake in A10 Networks, Inc. $ATEN

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in A10 Networks by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 416,548 shares of the communications equipment provider's stock valued at $6,806,000 after acquiring an additional 12,282 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of A10 Networks in the first quarter valued at approximately $295,000. Squarepoint Ops LLC boosted its position in shares of A10 Networks by 363.8% during the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider's stock valued at $2,206,000 after buying an additional 94,032 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of A10 Networks by 1,938.5% during the first quarter. GAMMA Investing LLC now owns 50,066 shares of the communications equipment provider's stock valued at $818,000 after buying an additional 47,610 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in A10 Networks by 50.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 20,592 shares of the communications equipment provider's stock worth $336,000 after buying an additional 6,893 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

Insider Activity at A10 Networks

In other news, CFO Brian Becker sold 6,400 shares of A10 Networks 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 transaction, the chief financial officer directly owned 77,599 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

A10 Networks Stock Performance

Shares of ATEN traded down $0.34 during mid-day trading on Friday, hitting $17.53. The stock had a trading volume of 241,720 shares, compared to its average volume of 932,603. A10 Networks, Inc. has a 52 week low of $13.30 and a 52 week high of $21.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. The business has a fifty day moving average price of $18.04 and a 200-day moving average price of $17.70. The firm has a market cap of $1.26 billion, a P/E ratio of 25.79 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $69.38 million for the quarter, compared to analysts' expectations of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. On average, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

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

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.