Algert Global LLC Purchases 46,776 Shares of A10 Networks, Inc. (NYSE:ATEN)

Algert Global LLC increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 455,998 shares of the communications equipment provider’s stock after acquiring an additional 46,776 shares during the quarter. Algert Global LLC’s holdings in A10 Networks were worth $6,585,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after acquiring an additional 35,010 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of A10 Networks by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock worth $31,614,000 after acquiring an additional 135,800 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of A10 Networks by 18.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after acquiring an additional 286,127 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of A10 Networks by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock worth $25,191,000 after acquiring an additional 28,150 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after acquiring an additional 1,724,343 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Friday, November 8th. Finally, BWS Financial upped their price target on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

A10 Networks Price Performance

ATEN stock opened at $16.62 on Friday. The firm’s fifty day simple moving average is $14.87 and its 200-day simple moving average is $14.26. The company has a market capitalization of $1.23 billion, a P/E ratio of 24.81 and a beta of 1.11. A10 Networks, Inc. has a 12 month low of $12.10 and a 12 month high of $16.92.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, November 18th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Insider Buying and Selling

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction 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. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.81% of the stock is currently owned by insiders.

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.