A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in A10 Networks, Inc. (NYSE:ATEN) by 6.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,115 shares of the communications equipment provider’s stock after buying an additional 13,137 shares during the period. A10 Networks accounts for about 0.2% of GSA Capital Partners LLP’s holdings, making the stock its 26th biggest holding. GSA Capital Partners LLP’s holdings in A10 Networks were worth $3,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATEN. Pacer Advisors Inc. increased its position in A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after purchasing an additional 1,724,343 shares during the last quarter. Millennium Management LLC acquired a new stake in A10 Networks during the second quarter worth about $9,562,000. Harbor Capital Advisors Inc. increased its position in A10 Networks by 175.0% during the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock worth $11,489,000 after purchasing an additional 506,332 shares during the last quarter. Assenagon Asset Management S.A. increased its position in A10 Networks by 48.2% during the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after purchasing an additional 308,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in A10 Networks during the second quarter worth about $4,058,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on ATEN shares. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday.

A10 Networks Price Performance

Shares of ATEN stock opened at $16.64 on Tuesday. The firm has a market cap of $1.23 billion, a PE ratio of 24.84 and a beta of 1.11. The company has a 50-day moving average of $14.23 and a two-hundred day moving average of $14.10. A10 Networks, Inc. has a 1-year low of $11.83 and a 1-year high of $16.71.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data 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. A10 Networks had a net margin of 19.29% and a return on equity of 22.83%. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same quarter last year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, November 18th. A10 Networks’s payout ratio is 35.82%.

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.