Trexquant Investment LP Buys 52,331 Shares of A10 Networks, Inc. $ATEN

Key Points

• Trexquant Investment LP increased its stake in A10 Networks by 26.8% in Q1, owning 247,891 shares valued at approximately $4.05 million.
• In Q1, multiple institutional investors significantly boosted their positions in A10 Networks, with Boston Trust Walden Corp investing about $26.89 million.
• A10 Networks reported an earnings per share (EPS) of $0.21 for the recent quarter, exceeding analyst estimates, and has announced a quarterly dividend of $0.06 per share.

Trexquant Investment LP raised its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 26.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,891 shares of the communications equipment provider's stock after acquiring an additional 52,331 shares during the period. Trexquant Investment LP owned approximately 0.34% of A10 Networks worth $4,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vestcor Inc purchased a new stake in shares of A10 Networks during the 1st quarter worth approximately $44,000. Sunbelt Securities Inc. purchased a new stake in A10 Networks during the 4th quarter valued at $50,000. Caitong International Asset Management Co. Ltd purchased a new stake in A10 Networks during the 1st quarter valued at $55,000. CWM LLC raised its holdings in A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock valued at $76,000 after buying an additional 1,454 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in A10 Networks during the 4th quarter valued at $197,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Trading Up 1.1%

A10 Networks stock traded up $0.20 during mid-day trading on Thursday, hitting $17.81. The company's stock had a trading volume of 547,231 shares, compared to its average volume of 946,442. The company has a 50 day moving average of $18.26 and a 200-day moving average of $17.84. The stock has a market cap of $1.28 billion, a PE ratio of 26.18 and a beta of 1.37. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. A10 Networks, Inc. has a one year low of $12.72 and a one year high of $21.90.

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

A10 Networks Announces Dividend

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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. A10 Networks's dividend payout ratio is presently 35.29%.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the transaction, the chief financial officer directly owned 77,599 shares in the company, valued at $1,399,109.97. This represents a 7.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ATEN has been the topic of several recent research reports. Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price target on the stock. Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a report on Wednesday, August 6th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Company 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.