Graham Capital Management L.P. Buys Shares of 29,836 A10 Networks, Inc. (NYSE:ATEN)

Graham Capital Management L.P. bought a new stake in A10 Networks, Inc. (NYSE:ATEN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,836 shares of the communications equipment provider’s stock, valued at approximately $549,000.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $38,000 after purchasing an additional 2,000 shares during the last quarter. KBC Group NV increased its stake in A10 Networks by 79.1% in the fourth 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 last quarter. Harvest Fund Management Co. Ltd acquired a new position in A10 Networks in the fourth quarter valued at $161,000. Freestone Grove Partners LP purchased a new stake in A10 Networks during the fourth quarter valued at about $197,000. Finally, Sciencast Management LP purchased a new stake in A10 Networks during the fourth quarter valued at about $198,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of research reports. Craig Hallum raised A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, May 2nd. StockNews.com cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Weiss Ratings cut A10 Networks from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, May 10th. BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. Finally, Raymond James began coverage on A10 Networks in a report on Wednesday, April 23rd. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, A10 Networks has a consensus rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Price Performance

Shares of ATEN stock opened at $17.50 on Friday. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.12 and a beta of 1.37. The business has a 50 day simple moving average of $16.65 and a 200 day simple moving average of $17.86.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.37%. 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.