8,772 Shares in A10 Networks, Inc. (NYSE:ATEN) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) in the 4th quarter, Holdings Channel reports. The fund bought 8,772 shares of the communications equipment provider’s stock, valued at approximately $161,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC boosted its holdings in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 744 shares during the period. KBC Group NV boosted its holdings in shares of A10 Networks by 79.1% during the 4th 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 period. Quantbot Technologies LP boosted its holdings in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 2,762 shares during the period. Finally, Sawgrass Asset Management LLC bought a new stake in shares of A10 Networks during the 4th quarter worth about $213,000. Institutional investors own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATEN. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Craig Hallum lifted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th. Finally, BWS Financial reiterated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th.

A10 Networks Stock Down 0.7 %

Shares of A10 Networks stock opened at $17.30 on Friday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The company has a 50-day simple moving average of $19.59 and a two-hundred day simple moving average of $17.25. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 25.83 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s payout ratio is presently 35.82%.

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.