Proficio Capital Partners LLC Acquires Shares of 17,682 A10 Networks, Inc. (NYSE:ATEN)

Proficio Capital Partners LLC bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,682 shares of the communications equipment provider’s stock, valued at approximately $325,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC increased its position in A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares during the period. KBC Group NV raised its holdings in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,251 shares during the last quarter. Quantbot Technologies LP raised its holdings in A10 Networks by 95.4% during the 3rd 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 last quarter. Finally, Sawgrass Asset Management LLC acquired a new position in A10 Networks during the 4th quarter valued at about $213,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday. Craig Hallum lifted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th.

A10 Networks Price Performance

ATEN stock opened at $19.49 on Wednesday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 29.08 and a beta of 1.17. The business has a 50-day moving average of $19.73 and a 200-day moving average of $17.05. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. Equities analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

About A10 Networks

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.