Harbor Capital Advisors Inc. Lowers Position in A10 Networks, Inc. $ATEN

Harbor Capital Advisors Inc. trimmed its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 71.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,135 shares of the communications equipment provider’s stock after selling 590,481 shares during the period. Harbor Capital Advisors Inc. owned about 0.33% of A10 Networks worth $4,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ATEN. Penserra Capital Management LLC lifted its position in shares of A10 Networks by 56.2% in the 2nd quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the period. Legal & General Group Plc raised its stake in A10 Networks by 348.6% in the second quarter. Legal & General Group Plc now owns 992,678 shares of the communications equipment provider’s stock worth $19,208,000 after buying an additional 771,405 shares in the last quarter. Boston Trust Walden Corp boosted its position in A10 Networks by 31.4% during the 2nd quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider’s stock valued at $41,850,000 after acquiring an additional 516,872 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of A10 Networks by 39.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,664 shares of the communications equipment provider’s stock valued at $25,284,000 after acquiring an additional 367,901 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of A10 Networks by 12.4% in the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after acquiring an additional 214,778 shares during the period. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

ATEN has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $18.00 on Thursday. A10 Networks, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The company has a market cap of $1.29 billion, a PE ratio of 26.47 and a beta of 1.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.49 and a current ratio of 3.64. The business has a 50-day simple moving average of $17.59 and a two-hundred day simple moving average of $17.95.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $74.68 million during the quarter, compared to analyst estimates of $70.70 million. A10 Networks had a net margin of 17.78% and a return on equity of 25.87%. A10 Networks’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. As a group, equities analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, November 17th. A10 Networks’s payout ratio is presently 35.29%.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.