Universal Beteiligungs und Servicegesellschaft mbH Takes $2.28 Million Position in A10 Networks, Inc. (NYSE:ATEN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 139,585 shares of A10 Networks, Inc. for approximately $2.28 million, increasing its stake to 0.19% by the end of the last quarter.
• Analysts have mixed ratings on A10 Networks, with a consensus rating of "Moderate Buy" and a price target of $22.00, as three analysts rated it as a hold and three as buy.
• A10 Networks reported a quarterly earnings growth of 8.9%, with earnings per share (EPS) of $0.20 exceeding analyst expectations, and announced a quarterly dividend with a 1.29% yield.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 139,585 shares of the communications equipment provider's stock, valued at approximately $2,281,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of A10 Networks as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Boston Trust Walden Corp acquired a new stake in shares of A10 Networks during the first quarter worth $26,894,000. Penserra Capital Management LLC grew its stake in A10 Networks by 29.9% during the 1st quarter. Penserra Capital Management LLC now owns 2,539,197 shares of the communications equipment provider's stock valued at $41,490,000 after acquiring an additional 584,116 shares in the last quarter. Marshall Wace LLP grew its stake in A10 Networks by 364.8% during the 4th quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock valued at $12,580,000 after acquiring an additional 536,600 shares in the last quarter. Barclays PLC grew its stake in shares of A10 Networks by 350.4% in the 4th quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock valued at $12,618,000 after buying an additional 533,482 shares during the period. Finally, Norges Bank purchased a new position in shares of A10 Networks during the 4th quarter worth approximately $7,202,000. Institutional investors own 98.61% of the company's stock.

A10 Networks Price Performance

Shares of NYSE:ATEN traded down $0.67 during trading hours on Friday, hitting $17.75. 693,229 shares of the company's stock traded hands, compared to its average volume of 814,011. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.87 and a current ratio of 4.05. The company's fifty day simple moving average is $18.41 and its two-hundred day simple moving average is $18.20. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 4.21 and a beta of 1.35.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million during 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% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. As a group, equities analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James Financial began coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. BWS Financial reiterated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a report on Friday, May 2nd. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a report on Friday, May 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of A10 Networks in a report on Saturday. Finally, Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.00.

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 61,007 shares in the company, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.15% of the company's stock.

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.