74,331 Shares in A10 Networks, Inc. (NYSE:ATEN) Bought by Systematic Financial Management LP

Systematic Financial Management LP purchased a new stake in A10 Networks, Inc. (NYSE:ATEN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 74,331 shares of the communications equipment provider’s stock, valued at approximately $1,073,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in shares of A10 Networks in the 2nd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in A10 Networks in the third quarter valued at approximately $43,000. Quarry LP acquired a new stake in shares of A10 Networks in the second quarter valued at approximately $47,000. Quantbot Technologies LP boosted its stake in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 2,762 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of A10 Networks during the 2nd quarter worth approximately $105,000. Institutional investors own 98.61% of the company’s stock.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.81% of the stock is owned by company insiders.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $18.12 on Friday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 27.04 and a beta of 1.16. The stock’s fifty day moving average price is $15.49 and its two-hundred day moving average price is $14.36. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $18.27.

A10 Networks (NYSE:ATEN) last released its quarterly 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. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same period in the prior year, the company posted $0.12 earnings per share. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.32%. A10 Networks’s dividend payout ratio is presently 35.82%.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several research reports. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BWS Financial lifted their target price 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. Finally, Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, November 8th.

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.