Fuller & Thaler Asset Management Inc. Buys 65,370 Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN)

Fuller & Thaler Asset Management Inc. boosted its position in shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Free Report) by 6,537,000.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,371 shares of the communications equipment provider's stock after purchasing an additional 65,370 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.08% of ADTRAN worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ADTN. Price T Rowe Associates Inc. MD grew its holdings in shares of ADTRAN by 6.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,986 shares of the communications equipment provider's stock valued at $825,000 after acquiring an additional 6,121 shares in the last quarter. Susquehanna Advisors Group Inc. bought a new stake in shares of ADTRAN during the 4th quarter worth approximately $813,000. Hsbc Holdings PLC boosted its holdings in shares of ADTRAN by 11.4% in the 4th quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock valued at $122,000 after buying an additional 1,501 shares during the last quarter. SIH Partners LLLP acquired a new position in ADTRAN during the fourth quarter worth $107,000. Finally, MetLife Investment Management LLC lifted its stake in ADTRAN by 27.1% in the fourth quarter. MetLife Investment Management LLC now owns 46,838 shares of the communications equipment provider's stock valued at $390,000 after acquiring an additional 9,997 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADTN. Needham & Company LLC upped their target price on shares of ADTRAN from $11.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. Craig Hallum began coverage on ADTRAN in a research note on Wednesday, January 8th. They issued a "buy" rating and a $15.00 price target on the stock. Finally, Rosenblatt Securities decreased their price objective on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ADTRAN currently has a consensus rating of "Buy" and an average target price of $12.50.

ADTRAN Stock Up 1.4 %

Shares of ADTN opened at $7.82 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. ADTRAN Holdings, Inc. has a 12 month low of $4.34 and a 12 month high of $12.44. The firm's 50 day moving average is $8.86 and its 200-day moving average is $8.71. The stock has a market capitalization of $625.30 million, a PE ratio of -1.20 and a beta of 1.46.

About ADTRAN

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.

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