Graham Capital Management L.P. Makes New $549,000 Investment in A10 Networks, Inc. (NYSE:ATEN)

Graham Capital Management L.P. purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,836 shares of the communications equipment provider's stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. KBC Group NV lifted its holdings in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after buying an additional 2,251 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of A10 Networks in the 4th quarter valued at approximately $161,000. Freestone Grove Partners LP acquired a new stake in shares of A10 Networks in the 4th quarter valued at approximately $197,000. Finally, Sciencast Management LP purchased a new position in A10 Networks in the 4th quarter valued at approximately $198,000. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Price Performance

ATEN stock traded down $0.13 on Monday, reaching $17.50. The company's stock had a trading volume of 601,601 shares, compared to its average volume of 880,308. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The company has a market capitalization of $1.26 billion, a P/E ratio of 26.12 and a beta of 1.37. The firm has a fifty day moving average of $16.61 and a two-hundred day moving average of $17.92.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, equities analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.37%. A10 Networks's payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings lowered shares of A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday, May 10th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Raymond James initiated coverage on A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a research note on Friday, May 2nd. Finally, StockNews.com cut A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently 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.