Fox Run Management L.L.C. Grows Position in A10 Networks, Inc. (NYSE:ATEN)

Fox Run Management L.L.C. increased its stake in A10 Networks, Inc. (NYSE:ATEN) by 127.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,371 shares of the communications equipment provider’s stock after purchasing an additional 42,793 shares during the quarter. Fox Run Management L.L.C.’s holdings in A10 Networks were worth $1,405,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in A10 Networks by 38.5% during the third quarter. Victory Capital Management Inc. now owns 198,801 shares of the communications equipment provider’s stock valued at $2,871,000 after purchasing an additional 55,302 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of A10 Networks by 98.6% in the third quarter. Thrivent Financial for Lutherans now owns 115,384 shares of the communications equipment provider’s stock worth $1,666,000 after acquiring an additional 57,284 shares during the period. Quest Partners LLC raised its stake in A10 Networks by 262.1% during the 3rd quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after purchasing an additional 40,712 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in A10 Networks by 0.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,491 shares of the communications equipment provider’s stock worth $3,588,000 after purchasing an additional 1,413 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of A10 Networks in the third quarter worth $284,000. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

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

A10 Networks Stock Down 0.7 %

A10 Networks stock opened at $17.30 on Friday. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The firm’s fifty day moving average is $19.59 and its 200 day moving average is $17.22. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 25.83 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last announced its 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 net margin of 19.16% and a return on equity of 23.44%. On average, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

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.