JPMorgan Chase & Co. Has $4.68 Million Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

JPMorgan Chase & Co. lifted its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 59.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,195 shares of the communications equipment provider’s stock after acquiring an additional 120,342 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.44% of A10 Networks worth $4,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATEN. Canada Pension Plan Investment Board bought a new stake in A10 Networks during the second quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in shares of A10 Networks in the 3rd quarter valued at about $43,000. Quarry LP bought a new stake in shares of A10 Networks during the 2nd quarter valued at about $47,000. Quantbot Technologies LP grew its stake in A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in A10 Networks in the second quarter worth approximately $173,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several recent analyst reports. BWS Financial raised their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Finally, Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Friday, November 8th.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.82% of the company’s stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $18.96 on Friday. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $19.37. The business’s 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $15.26. The firm has a market cap of $1.40 billion, a P/E ratio of 28.30 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. During the same period in the prior year, the firm earned $0.12 earnings per share. A10 Networks’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

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.