Quantbot Technologies LP Increases Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Quantbot Technologies LP lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 759.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,646 shares of the communications equipment provider’s stock after acquiring an additional 42,989 shares during the quarter. Quantbot Technologies LP’s holdings in A10 Networks were worth $895,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp raised its stake in A10 Networks by 2.0% during the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock valued at $45,790,000 after buying an additional 62,015 shares during the last quarter. Geode Capital Management LLC boosted its stake in A10 Networks by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock worth $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Royce & Associates LP boosted its stake in A10 Networks by 9.1% in the 4th quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock worth $16,911,000 after purchasing an additional 76,412 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in A10 Networks by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock valued at $15,017,000 after purchasing an additional 20,537 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in A10 Networks by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock valued at $12,299,000 after purchasing an additional 17,510 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Down 1.8 %

ATEN opened at $17.49 on Thursday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.10 and a beta of 1.17. The firm has a 50 day moving average price of $19.54 and a 200-day moving average price of $17.34. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month 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 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%. As a group, analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

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

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.