Pacer Advisors Inc. Grows Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Key Points

• Pacer Advisors Inc. increased its holdings in A10 Networks by 215.2%, acquiring an additional 19,611 shares during the first quarter, bringing its total ownership to 28,725 shares valued at approximately $469,000.
• A10 Networks' stock has received mixed feedback from analysts, with some upgrading their ratings to "buy" while others have downgraded to "hold." The consensus rating is currently a "Moderate Buy" with an average price target of $22.00.
• In its most recent earnings report, A10 Networks reported $0.20 earnings per share, beating expectations, and demonstrated a 8.9% increase in revenue year over year, amounting to $66.14 million.

Pacer Advisors Inc. lifted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 215.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,725 shares of the communications equipment provider's stock after purchasing an additional 19,611 shares during the quarter. Pacer Advisors Inc.'s holdings in A10 Networks were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new stake in shares of A10 Networks during the 4th quarter worth approximately $50,000. CWM LLC grew its stake in shares of A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock worth $76,000 after acquiring an additional 1,454 shares during the period. Freestone Grove Partners LP bought a new position in shares of A10 Networks during the 4th quarter worth $197,000. iSAM Funds UK Ltd purchased a new stake in A10 Networks during the fourth quarter valued at about $206,000. Finally, Polymer Capital Management US LLC bought a new position in A10 Networks during the fourth quarter worth about $210,000. Institutional investors own 98.61% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the sale, the general counsel directly owned 61,007 shares in the company, valued at $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.15% of the company's stock.

A10 Networks Stock Down 3.6%

ATEN traded down $0.67 during midday trading on Friday, reaching $17.75. The company's stock had a trading volume of 693,229 shares, compared to its average volume of 814,011. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 4.37 and a beta of 1.35. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The stock's 50-day moving average is $18.41 and its 200-day moving average is $18.21.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its 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. The business had revenue of $66.14 million for the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. As a group, research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on A10 Networks in a research note on Friday, June 27th. They set a "buy" rating and a $22.00 price objective on the stock. Mizuho assumed coverage on A10 Networks in a research note on Monday, July 14th. They issued a "neutral" rating for the company. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research note on Friday, May 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of A10 Networks in a report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Saturday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

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.