Harvest Fund Management Co. Ltd Makes New $161,000 Investment in A10 Networks, Inc. (NYSE:ATEN)

Harvest Fund Management Co. Ltd bought a new position in A10 Networks, Inc. (NYSE:ATEN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,772 shares of the communications equipment provider’s stock, valued at approximately $161,000.

Several other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in shares of A10 Networks by 107.0% during the fourth quarter. Intech Investment Management LLC now owns 40,733 shares of the communications equipment provider’s stock worth $749,000 after acquiring an additional 21,053 shares during the period. Royce & Associates LP raised its holdings in shares of A10 Networks by 9.1% during the fourth quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock worth $16,911,000 after acquiring an additional 76,412 shares during the period. Picton Mahoney Asset Management raised its holdings in shares of A10 Networks by 61.4% during the fourth quarter. Picton Mahoney Asset Management now owns 32,047 shares of the communications equipment provider’s stock worth $590,000 after acquiring an additional 12,196 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of A10 Networks by 39.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider’s stock worth $6,363,000 after acquiring an additional 97,332 shares during the period. Finally, Haven Private LLC acquired a new stake in shares of A10 Networks during the fourth quarter worth $430,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ATEN. BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Craig Hallum raised their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th.

A10 Networks Trading Down 0.7 %

A10 Networks stock opened at $17.30 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of 25.83 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. The company has a fifty day simple moving average of $19.59 and a 200 day simple moving average of $17.25.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. 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.