Fox Run Management L.L.C. Acquires 42,793 Shares of A10 Networks, Inc. (NYSE:ATEN)

Fox Run Management L.L.C. grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 127.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,371 shares of the communications equipment provider's stock after buying an additional 42,793 shares during the period. Fox Run Management L.L.C. owned 0.10% of A10 Networks worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew 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 valued at $45,000 after acquiring an additional 744 shares during the period. KBC Group NV grew its stake in A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after buying an additional 2,251 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after acquiring an additional 2,762 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of A10 Networks in the fourth quarter valued at $161,000. Institutional investors and hedge funds own 98.61% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATEN shares. 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. BWS Financial reiterated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th.

A10 Networks Trading Down 1.8 %

NYSE:ATEN traded down $0.32 on Wednesday, hitting $17.49. The company's stock had a trading volume of 1,430,465 shares, compared to its average volume of 749,527. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The firm has a market capitalization of $1.29 billion, a P/E ratio of 26.10 and a beta of 1.17. The stock has a fifty day moving average of $19.57 and a two-hundred day moving average of $17.34.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping 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, sell-side analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.37%. A10 Networks's dividend payout ratio (DPR) is presently 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.