AlphaQuest LLC Has $949,000 Stock Position in A10 Networks, Inc. (NYSE:ATEN)

AlphaQuest LLC decreased its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,576 shares of the communications equipment provider’s stock after selling 4,669 shares during the quarter. AlphaQuest LLC owned about 0.07% of A10 Networks worth $949,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ATEN. Weiss Asset Management LP acquired a new position in shares of A10 Networks during the 3rd quarter worth approximately $2,295,000. Impax Asset Management Group plc increased its position in shares of A10 Networks by 25.0% during the 3rd quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock worth $9,928,000 after purchasing an additional 137,500 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of A10 Networks by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock worth $4,681,000 after acquiring an additional 120,342 shares during the period. Barclays PLC boosted its stake in shares of 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 acquiring an additional 106,672 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of A10 Networks by 12.7% during the 3rd quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock worth $12,168,000 after acquiring an additional 94,710 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Craig Hallum lifted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th. BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

A10 Networks Price Performance

ATEN opened at $19.36 on Tuesday. The business has a fifty day simple moving average of $19.71 and a 200 day simple moving average of $17.01. The company has a market capitalization of $1.43 billion, a PE ratio of 28.90 and a beta of 1.17. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. Equities analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company 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 of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.24%. A10 Networks’s dividend payout ratio (DPR) is presently 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.