Quantbot Technologies LP Has $82,000 Position in A10 Networks, Inc. (NYSE:ATEN)

Quantbot Technologies LP raised its stake in A10 Networks, Inc. (NYSE:ATEN) by 95.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,657 shares of the communications equipment provider’s stock after acquiring an additional 2,762 shares during the period. Quantbot Technologies LP’s holdings in A10 Networks were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ATEN. Canada Pension Plan Investment Board acquired a new stake in shares of A10 Networks during the 2nd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in shares of A10 Networks in the 3rd quarter valued at $43,000. Quarry LP bought a new position in shares of A10 Networks in the 2nd quarter valued at $47,000. nVerses Capital LLC acquired a new position in shares of A10 Networks during the 2nd quarter worth $105,000. Finally, Meeder Asset Management Inc. acquired a new stake in A10 Networks in the second quarter valued at about $137,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Down 0.0 %

A10 Networks stock opened at $18.12 on Friday. The stock has a 50-day moving average price of $15.57 and a two-hundred day moving average price of $14.37. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $18.31. The company has a market capitalization of $1.34 billion, a PE ratio of 27.04 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same quarter last year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, analysts predict that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.32%. A10 Networks’s dividend payout ratio is 35.82%.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on ATEN shares. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Friday, November 8th. Finally, BWS Financial raised their target price on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

About A10 Networks

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.