A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 137.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,560 shares of the communications equipment provider’s stock after purchasing an additional 113,163 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of A10 Networks worth $3,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in A10 Networks by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after acquiring an additional 89,175 shares during the last quarter. Barclays PLC increased its position in A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after purchasing an additional 106,672 shares in the last quarter. SG Americas Securities LLC raised its holdings in A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after buying an additional 25,508 shares during the period. Principal Financial Group Inc. lifted its position in A10 Networks by 11.8% during the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after buying an additional 41,141 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in A10 Networks during the third quarter worth approximately $2,295,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Craig Hallum increased their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $14.92 on Monday. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The company has a market capitalization of $1.10 billion, a PE ratio of 22.27 and a beta of 1.17. The business has a 50-day moving average of $19.17 and a 200-day moving average of $17.51.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. On average, equities analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

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.