KLP Kapitalforvaltning AS Acquires New Holdings in A10 Networks, Inc. (NYSE:ATEN)

KLP Kapitalforvaltning AS bought a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,000 shares of the communications equipment provider's stock, valued at approximately $1,104,000. KLP Kapitalforvaltning AS owned about 0.08% of A10 Networks at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATEN. MassMutual Private Wealth & Trust FSB lifted its position in shares of A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC lifted its holdings 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 worth $45,000 after buying an additional 744 shares during the period. Quantbot Technologies LP boosted its position in A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock valued at $82,000 after acquiring an additional 2,762 shares in the last quarter. KBC Group NV grew its holdings in shares of A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after acquiring an additional 2,251 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of A10 Networks during the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

Remove Ads

A10 Networks Stock Performance

Shares of ATEN traded down $1.05 during trading hours on Thursday, hitting $15.76. The company had a trading volume of 1,297,370 shares, compared to its average volume of 821,979. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 23.52 and a beta of 1.17. The firm has a fifty day moving average price of $19.25 and a 200-day moving average price of $17.45. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. Research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, February 14th. A10 Networks's payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ATEN shares. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum boosted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, February 5th.

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.