Inceptionr LLC Invests $426,000 in A10 Networks, Inc. (NYSE:ATEN)

Inceptionr LLC bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,153 shares of the communications equipment provider's stock, valued at approximately $426,000.

Several other large investors also recently bought and sold shares of ATEN. New York State Teachers Retirement System raised its stake in shares of A10 Networks by 22.0% during the 3rd quarter. New York State Teachers Retirement System now owns 38,179 shares of the communications equipment provider's stock worth $551,000 after buying an additional 6,893 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after purchasing an additional 41,141 shares in the last quarter. Meritage Portfolio Management lifted its holdings in shares of A10 Networks by 9.3% in the third quarter. Meritage Portfolio Management now owns 33,263 shares of the communications equipment provider's stock valued at $480,000 after purchasing an additional 2,835 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of A10 Networks by 6.2% in the third quarter. GSA Capital Partners LLP now owns 226,115 shares of the communications equipment provider's stock valued at $3,265,000 after purchasing an additional 13,137 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of A10 Networks by 38.5% during the 3rd quarter. Victory Capital Management Inc. now owns 198,801 shares of the communications equipment provider's stock worth $2,871,000 after purchasing an additional 55,302 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

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A10 Networks Stock Up 0.7 %

Shares of ATEN traded up $0.14 on Wednesday, hitting $19.59. 327,706 shares of the stock traded hands, compared to its average volume of 699,551. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The stock's 50 day moving average is $19.73 and its two-hundred day moving average is $17.05. The firm has a market capitalization of $1.45 billion, a P/E ratio of 29.23 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping 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%. Research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday. Craig Hallum upped their price objective 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, BWS Financial reiterated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th.

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.