Geode Capital Management LLC Purchases 89,175 Shares of A10 Networks, Inc. (NYSE:ATEN)

Geode Capital Management LLC lifted its position in A10 Networks, Inc. (NYSE:ATEN) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662,442 shares of the communications equipment provider’s stock after acquiring an additional 89,175 shares during the quarter. Geode Capital Management LLC’s holdings in A10 Networks were worth $24,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in A10 Networks during the 2nd quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in shares of A10 Networks during the third quarter valued at approximately $43,000. Quarry LP purchased a new position in A10 Networks during the second quarter valued at approximately $47,000. Quantbot Technologies LP raised its stake in A10 Networks by 95.4% in the third 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 in the last quarter. Finally, nVerses Capital LLC bought a new position in A10 Networks in the second quarter worth approximately $105,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.81% of the stock is currently owned by insiders.

A10 Networks Stock Down 1.2 %

Shares of ATEN opened at $18.58 on Friday. The company has a 50 day moving average of $16.81 and a two-hundred day moving average of $14.76. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $19.37. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 27.73 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.6 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Analyst Ratings Changes

Several brokerages have issued reports on ATEN. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Friday, November 8th. Finally, BWS Financial boosted their target price on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

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.