Trexquant Investment LP Raises Stake in A10 Networks, Inc. (NYSE:ATEN)

Trexquant Investment LP raised its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 137.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 195,560 shares of the communications equipment provider's stock after acquiring an additional 113,163 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of A10 Networks worth $3,598,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ATEN. Norges Bank acquired a new position in A10 Networks in the fourth quarter valued at approximately $7,202,000. Wellington Management Group LLP acquired a new position in shares of A10 Networks in the 4th quarter valued at $4,236,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of A10 Networks by 298.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock valued at $4,544,000 after buying an additional 184,962 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of A10 Networks in the 3rd quarter valued at $2,295,000. Finally, JPMorgan Chase & Co. raised its stake in A10 Networks by 47.2% during the 4th quarter. JPMorgan Chase & Co. now owns 477,311 shares of the communications equipment provider's stock worth $8,783,000 after acquiring an additional 153,116 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATEN. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum upped their target price on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th.

A10 Networks Trading Up 2.2 %

ATEN stock traded up $0.34 on Friday, hitting $15.94. The company's stock had a trading volume of 938,342 shares, compared to its average volume of 840,237. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 23.79 and a beta of 1.31. The firm has a 50 day moving average of $18.61 and a two-hundred day moving average of $17.54. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, equities analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio is presently 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.