XTX Topco Ltd Acquires New Shares in A10 Networks, Inc. (NYSE:ATEN)

XTX Topco Ltd 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 disclosure with the SEC. The fund bought 31,621 shares of the communications equipment provider's stock, valued at approximately $517,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ATEN. Sunbelt Securities Inc. purchased a new stake in shares of A10 Networks in the fourth quarter worth approximately $50,000. CWM LLC grew its stake in 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 buying an additional 1,454 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of A10 Networks in the fourth quarter valued at about $197,000. iSAM Funds UK Ltd acquired a new stake in A10 Networks in the 4th quarter valued at approximately $206,000. Finally, Polymer Capital Management US LLC bought a new position in A10 Networks during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Price Performance

Shares of NYSE:ATEN traded down $0.44 during midday trading on Friday, reaching $17.40. The company's stock had a trading volume of 959,920 shares, compared to its average volume of 976,628. The business's fifty day simple moving average is $18.49 and its 200-day simple moving average is $18.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 3.87. A10 Networks, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $21.90. The company has a market capitalization of $1.25 billion, a P/E ratio of 25.59, a P/E/G ratio of 4.30 and a beta of 1.35.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company's revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks's dividend payout ratio (DPR) is currently 35.29%.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

ATEN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research note on Friday, June 27th. They set a "buy" rating and a $22.00 price target on the stock. Raymond James Financial started coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research report on Friday, May 2nd. Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, BWS Financial reaffirmed a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.