Quantbot Technologies LP Raises Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Quantbot Technologies LP grew its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 759.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,646 shares of the communications equipment provider's stock after purchasing an additional 42,989 shares during the quarter. Quantbot Technologies LP owned about 0.07% of A10 Networks worth $895,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB boosted its stake in 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 last quarter. KBC Group NV lifted its stake in shares of 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 period. Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks during the fourth quarter valued at $161,000. Finally, Sciencast Management LP purchased a new stake in shares of A10 Networks during the fourth quarter valued at $198,000. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Trading Down 3.0 %

ATEN traded down $0.52 during trading on Friday, hitting $16.75. The company's stock had a trading volume of 857,285 shares, compared to its average volume of 813,647. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.00 and a beta of 1.17. The business's fifty day simple moving average is $19.47 and its 200 day simple moving average is $17.42. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90.

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A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data 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 net margin of 19.16% and a return on equity of 23.44%. As a group, equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

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