October Effect Ltd Makes New Investment in A10 Networks, Inc. $ATEN

October Effect Ltd purchased a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 153,490 shares of the communications equipment provider’s stock, valued at approximately $2,786,000. A10 Networks comprises 3.1% of October Effect Ltd’s portfolio, making the stock its 7th largest position. October Effect Ltd owned approximately 0.21% of A10 Networks as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ATEN. CWM LLC boosted its position in shares of A10 Networks by 38.1% during the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 1,005 shares during the period. Tower Research Capital LLC TRC lifted its stake in A10 Networks by 120.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after purchasing an additional 3,225 shares in the last quarter. Corton Capital Inc. purchased a new position in shares of A10 Networks during the second quarter worth $194,000. State of Wyoming boosted its position in shares of A10 Networks by 346.7% during the second quarter. State of Wyoming now owns 13,545 shares of the communications equipment provider’s stock worth $262,000 after buying an additional 10,513 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of A10 Networks by 5.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 13,863 shares of the communications equipment provider’s stock valued at $268,000 after buying an additional 708 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATEN has been the topic of several research reports. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

A10 Networks Stock Down 0.5%

Shares of NYSE ATEN opened at $17.37 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of 25.54 and a beta of 1.23. The business’s fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.77. A10 Networks, Inc. has a 12-month low of $13.81 and a 12-month high of $21.90. The company has a current ratio of 3.64, a quick ratio of 3.49 and a debt-to-equity ratio of 1.06.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. A10 Networks had a net margin of 17.78% and a return on equity of 25.87%. The firm had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, November 17th. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

About A10 Networks

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.