Quarry LP Acquires Shares of 3,391 A10 Networks, Inc. (NYSE:ATEN)

Quarry LP bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,391 shares of the communications equipment provider’s stock, valued at approximately $47,000.

Several other hedge funds have also modified their holdings of ATEN. Vanguard Group Inc. raised its position in A10 Networks by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider’s stock worth $93,090,000 after purchasing an additional 102,501 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of A10 Networks during the second quarter worth $1,201,000. Point72 DIFC Ltd bought a new stake in shares of A10 Networks during the second quarter worth $516,000. Russell Investments Group Ltd. lifted its stake in shares of A10 Networks by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 24,672 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in A10 Networks by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock valued at $195,000 after acquiring an additional 984 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Stock Up 1.1 %

ATEN stock opened at $14.31 on Friday. A10 Networks, Inc. has a twelve month low of $10.55 and a twelve month high of $16.46. The company has a market cap of $1.07 billion, a P/E ratio of 23.46 and a beta of 1.11. The business’s fifty day moving average is $13.45 and its 200-day moving average is $13.87.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The firm had revenue of $60.10 million for the quarter, compared to analyst estimates of $64.30 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Research analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, August 15th. A10 Networks’s payout ratio is 39.34%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Friday. BWS Financial reiterated a “buy” rating and set a $17.00 price target on shares of A10 Networks in a research report on Tuesday, July 9th.

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.