Jump Financial LLC Acquires New Stake in A10 Networks, Inc. $ATEN

Key Points

• Jump Financial LLC invested $867,000 to acquire 53,066 shares of A10 Networks, Inc. ($ATEN), representing a 0.07% stake in the company as of the end of the last quarter.
• A10 Networks recently announced a $0.06 quarterly dividend, scheduled for payout on September 2nd, with an annualized yield of 1.4%.
• Analysts have set a consensus target price of $22.00 for A10 Networks stock, with ratings of "Buy" from four analysts and "Hold" from two.

Jump Financial LLC bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 53,066 shares of the communications equipment provider's stock, valued at approximately $867,000. Jump Financial LLC owned about 0.07% of A10 Networks at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vestcor Inc acquired a new stake in A10 Networks during the first quarter worth $44,000. Sunbelt Securities Inc. acquired a new position in shares of A10 Networks during the fourth quarter valued at $50,000. Caitong International Asset Management Co. Ltd bought a new stake in A10 Networks during the 1st quarter worth about $55,000. CWM LLC boosted its stake in shares of A10 Networks by 45.6% in the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock valued at $76,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of A10 Networks during the 4th quarter worth approximately $197,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at A10 Networks

In related news, CFO Brian Becker sold 6,400 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the transaction, the chief financial officer owned 77,599 shares in the company, valued at $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.15% of the stock is currently owned by company insiders.

A10 Networks Stock Performance

Shares of ATEN traded up $0.09 during mid-day trading on Thursday, hitting $17.70. 188,307 shares of the company's stock were exchanged, compared to its average volume of 944,253. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 26.08 and a beta of 1.37. A10 Networks, Inc. has a 52 week low of $12.72 and a 52 week high of $21.90. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The stock's 50-day simple moving average is $18.26 and its 200-day simple moving average is $17.84.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. During the same quarter last year, the company posted $0.18 EPS. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.06 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks's payout ratio is 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.