JPMorgan Chase & Co. Increases Stock Position in A10 Networks, Inc. (NYSE:ATEN)

JPMorgan Chase & Co. lifted its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 59.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,195 shares of the communications equipment provider's stock after acquiring an additional 120,342 shares during the quarter. JPMorgan Chase & Co. owned 0.44% of A10 Networks worth $4,681,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ATEN. Pacer Advisors Inc. lifted its holdings in A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider's stock valued at $23,937,000 after buying an additional 1,724,343 shares in the last quarter. Millennium Management LLC bought a new stake in A10 Networks during the 2nd quarter valued at about $9,562,000. Harbor Capital Advisors Inc. lifted its holdings in A10 Networks by 175.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider's stock valued at $11,489,000 after buying an additional 506,332 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in A10 Networks during the 2nd quarter valued at about $4,058,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in A10 Networks by 18.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider's stock valued at $25,948,000 after buying an additional 286,127 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

Analysts Set New Price Targets

ATEN has been the subject of a number of research analyst reports. Craig Hallum downgraded shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th. BWS Financial raised their target price on shares of A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

A10 Networks Price Performance

NYSE ATEN traded up $0.24 during trading on Friday, reaching $18.96. 1,346,779 shares of the company's stock traded hands, compared to its average volume of 645,324. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 28.30 and a beta of 1.14. The company's 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $15.26. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $19.37.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. Research analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks's payout ratio is currently 35.82%.

Insider Transactions at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now owns 23,799 shares of the company's stock, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.82% of the company's stock.

A10 Networks Company 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.