Walleye Capital LLC Makes New $179,000 Investment in A10 Networks, Inc. (NYSE:ATEN)

Walleye Capital LLC bought a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the 3rd quarter, HoldingsChannel reports. The fund bought 12,364 shares of the communications equipment provider’s stock, valued at approximately $179,000.

Other hedge funds also recently made changes to their positions in the company. Martingale Asset Management L P raised its position in shares of A10 Networks by 0.8% in the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock valued at $1,459,000 after purchasing an additional 770 shares during the period. Public Sector Pension Investment Board raised its stake in shares of A10 Networks by 1.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 156,734 shares of the communications equipment provider’s stock valued at $2,263,000 after purchasing an additional 2,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in A10 Networks by 10.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,486 shares of the communications equipment provider’s stock worth $310,000 after purchasing an additional 2,119 shares during the period. Quantbot Technologies LP grew its holdings 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 buying an additional 2,762 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of A10 Networks by 9.4% in the third quarter. Fisher Asset Management LLC now owns 99,243 shares of the communications equipment provider’s stock worth $1,433,000 after buying an additional 8,533 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BWS Financial upped their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, November 8th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

A10 Networks Trading Up 0.5 %

Shares of A10 Networks stock opened at $18.62 on Thursday. The firm has a market capitalization of $1.37 billion, a PE ratio of 27.79 and a beta of 1.16. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $18.73. The business’s 50-day moving average price is $15.82 and its 200-day moving average price is $14.43.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $66.72 million for the quarter, compared to analyst estimates of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. As a group, analysts predict that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Insider Activity at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the sale, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.82% of the stock is currently owned by company insiders.

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.