Quantedge Capital Pte Ltd bought a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 76,300 shares of the communications equipment provider's stock, valued at approximately $1,404,000. Quantedge Capital Pte Ltd owned approximately 0.10% of A10 Networks as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in 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 valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. KBC Group NV lifted its position in shares of A10 Networks by 79.1% during the fourth 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 last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks during the fourth quarter valued at about $161,000. Freestone Grove Partners LP purchased a new stake in shares of A10 Networks during the fourth quarter valued at about $197,000. Finally, Sciencast Management LP purchased a new position in shares of A10 Networks in the 4th quarter valued at approximately $198,000. 98.61% of the stock is currently owned by institutional investors.
A10 Networks Stock Performance
ATEN stock opened at $17.64 on Thursday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 26.33 and a beta of 1.37. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The company's 50 day moving average price is $16.68 and its 200 day moving average price is $17.84.
A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The firm's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. Equities analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.
A10 Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, May 15th. A10 Networks's dividend payout ratio is presently 35.82%.
Analyst Ratings Changes
A number of equities analysts have issued reports on ATEN shares. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research note on Friday, May 2nd. StockNews.com cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Raymond James began coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, Weiss Ratings lowered shares of A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research note on Saturday, May 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.00.
Read Our Latest Analysis on ATEN
A10 Networks Profile
(
Free Report)
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.
Further Reading
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