Linden Thomas Advisory Services LLC Purchases 2,104 Shares of A10 Networks, Inc. (NYSE:ATEN)

Linden Thomas Advisory Services LLC raised its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,192 shares of the communications equipment provider’s stock after buying an additional 2,104 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in A10 Networks were worth $224,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of A10 Networks during the second quarter valued at $9,562,000. Harbor Capital Advisors Inc. increased its stake in shares of A10 Networks by 175.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock worth $11,489,000 after purchasing an additional 506,332 shares in the last quarter. Algert Global LLC lifted its position in shares of A10 Networks by 161.6% during the 2nd quarter. Algert Global LLC now owns 409,222 shares of the communications equipment provider’s stock valued at $5,668,000 after buying an additional 252,816 shares in the last quarter. Marshall Wace LLP bought a new position in shares of A10 Networks in the second quarter worth approximately $2,647,000. Finally, Weiss Asset Management LP bought a new stake in A10 Networks during the third quarter valued at about $2,295,000. Institutional investors own 98.61% of the company’s stock.

Insider Activity at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of the 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 owns 23,799 shares of the company’s stock, valued at $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.81% of the stock is currently owned by company insiders.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $18.55 on Tuesday. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $19.63. The firm has a 50-day simple moving average of $18.17 and a two-hundred day simple moving average of $15.48. The company has a market cap of $1.37 billion, a P/E ratio of 27.69 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last posted 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 return on equity of 22.69% and a net margin of 19.29%. The company had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. During the same quarter in the previous year, the business earned $0.12 EPS. A10 Networks’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio is presently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the subject of several research analyst reports. Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Friday, November 8th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, BWS Financial increased their price target on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a 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.