11,392 Shares in A10 Networks, Inc. (NYSE:ATEN) Purchased by Polymer Capital Management US LLC

Polymer Capital Management US LLC purchased a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,392 shares of the communications equipment provider’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC boosted its holdings in A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 744 shares in the last quarter. KBC Group NV increased its position in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks in the 4th quarter worth about $161,000. Finally, Walleye Capital LLC bought a new stake in shares of A10 Networks during the 3rd quarter valued at about $179,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

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

A10 Networks Stock Performance

Shares of ATEN opened at $14.87 on Wednesday. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm’s 50-day simple moving average is $18.92 and its two-hundred day simple moving average is $17.51. The stock has a market cap of $1.10 billion, a PE ratio of 22.19 and a beta of 1.31.

A10 Networks (NYSE:ATEN) last posted 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%. Equities research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio 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.