20,229 Shares in A10 Networks, Inc. (NYSE:ATEN) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,229 shares of the communications equipment provider’s stock, valued at approximately $280,000.

A number of other large investors have also recently bought and sold shares of ATEN. Canada Pension Plan Investment Board bought a new stake in shares of A10 Networks during the 2nd quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in A10 Networks during the second quarter worth $105,000. Meeder Asset Management Inc. acquired a new stake in shares of A10 Networks in the 2nd quarter valued at $137,000. Picton Mahoney Asset Management bought a new position in shares of A10 Networks in the 2nd quarter valued at $148,000. Finally, ProShare Advisors LLC raised its holdings in shares of A10 Networks by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Performance

Shares of ATEN opened at $14.92 on Friday. A10 Networks, Inc. has a 52 week low of $10.55 and a 52 week high of $16.46. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.28 and a beta of 1.11. The stock has a fifty day moving average of $13.52 and a 200-day moving average of $13.89.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The business had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $64.30 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, equities analysts forecast that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.61%. A10 Networks’s dividend payout ratio is presently 40.68%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ATEN shares. BWS Financial reiterated a “buy” rating and issued a $17.00 target price on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

A10 Networks 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.