A10 Networks, Inc. (NYSE:ATEN) Position Boosted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in A10 Networks, Inc. (NYSE:ATEN) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 816,165 shares of the communications equipment provider’s stock after buying an additional 20,537 shares during the period. A10 Networks makes up about 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 17th largest holding. Harbor Capital Advisors Inc. owned approximately 1.11% of A10 Networks worth $15,017,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. increased its stake in A10 Networks by 43,184.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after purchasing an additional 1,724,343 shares in the last quarter. Millennium Management LLC purchased a new position in shares of A10 Networks in the second quarter worth approximately $9,562,000. Cubist Systematic Strategies LLC acquired a new stake in shares of A10 Networks during the second quarter valued at approximately $4,058,000. Deprince Race & Zollo Inc. lifted its holdings in shares of A10 Networks by 18.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock valued at $25,948,000 after purchasing an additional 286,127 shares in the last quarter. Finally, Algert Global LLC raised its position in A10 Networks by 161.6% during the second 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 during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Trading Down 1.4 %

NYSE ATEN traded down $0.27 during trading on Friday, reaching $18.43. The company’s stock had a trading volume of 106,547 shares, compared to its average volume of 432,332. The stock has a market capitalization of $1.36 billion, a PE ratio of 27.51 and a beta of 1.14. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $19.37. The business has a 50-day moving average price of $17.51 and a 200-day moving average price of $15.06.

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, 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 during the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a yield of 1.30%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Analysts Set New Price Targets

A number of brokerages recently commented on ATEN. BWS Financial boosted their price objective 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. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, November 8th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

Insider Transactions at A10 Networks

In other 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 completion of the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.82% of the stock is owned by corporate insiders.

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.