Quadrature Capital Ltd Acquires Shares of 17,675 A10 Networks, Inc. (NYSE:ATEN)

Quadrature Capital Ltd acquired a new stake in A10 Networks, Inc. (NYSE:ATEN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,675 shares of the communications equipment provider’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of A10 Networks by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider’s stock worth $93,090,000 after buying an additional 102,501 shares in the last quarter. Aristides Capital LLC raised its holdings in shares of A10 Networks by 55.0% during the 4th quarter. Aristides Capital LLC now owns 31,000 shares of the communications equipment provider’s stock worth $408,000 after buying an additional 11,000 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of A10 Networks by 83.9% during the 4th quarter. First Trust Advisors LP now owns 4,470,999 shares of the communications equipment provider’s stock worth $58,883,000 after buying an additional 2,040,007 shares in the last quarter. Olympiad Research LP acquired a new position in shares of A10 Networks during the 4th quarter worth $300,000. Finally, US Bancorp DE raised its holdings in shares of A10 Networks by 119.2% during the 4th quarter. US Bancorp DE now owns 60,027 shares of the communications equipment provider’s stock worth $791,000 after buying an additional 32,643 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $15.40, for a total value of $50,759,123.80. Following the sale, the director now owns 619,166 shares in the company, valued at approximately $9,535,156.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.81% of the company’s stock.

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of research analyst reports. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Craig Hallum boosted their price objective on A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a research report on Wednesday, May 1st.

A10 Networks Stock Down 0.7 %

Shares of ATEN stock opened at $13.22 on Thursday. The firm has a market capitalization of $984.36 million, a P/E ratio of 21.67 and a beta of 1.15. A10 Networks, Inc. has a twelve month low of $10.03 and a twelve month high of $16.46. The stock’s fifty day simple moving average is $14.52 and its 200 day simple moving average is $13.78.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a return on equity of 22.42% and a net margin of 17.96%. The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $59.43 million. During the same quarter in the previous year, the company posted $0.09 EPS. A10 Networks’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.66 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a $0.06 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. A10 Networks’s dividend payout ratio (DPR) is presently 39.34%.

A10 Networks 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.