2,711 Shares in A10 Networks, Inc. (NYSE:ATEN) Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. acquired a new position in A10 Networks, Inc. (NYSE:ATEN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,711 shares of the communications equipment provider’s stock, valued at approximately $50,000.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV increased its holdings in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after buying an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in A10 Networks in the fourth quarter worth approximately $161,000. Freestone Grove Partners LP acquired a new position in A10 Networks during the fourth quarter valued at approximately $197,000. Sciencast Management LP acquired a new position in A10 Networks during the fourth quarter valued at approximately $198,000. Finally, iSAM Funds UK Ltd acquired a new position in A10 Networks during the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $17.45 on Wednesday. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm has a fifty day moving average price of $16.56 and a two-hundred day moving average price of $18.01. The company has a market cap of $1.26 billion, a PE ratio of 26.04 and a beta of 1.37.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The firm had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATEN shares. BWS Financial reiterated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Raymond James started coverage on A10 Networks in a report on Wednesday, April 23rd. They set a “market perform” rating on the stock. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of A10 Networks in a report on Saturday. Finally, Craig Hallum upgraded A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, A10 Networks presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.