A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 175.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 795,628 shares of the communications equipment provider’s stock after acquiring an additional 506,332 shares during the period. Harbor Capital Advisors Inc.’s holdings in A10 Networks were worth $11,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in A10 Networks in the 2nd quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in A10 Networks in the third quarter valued at $43,000. Quarry LP acquired a new position in A10 Networks during the 2nd quarter worth $47,000. nVerses Capital LLC purchased a new stake in A10 Networks during the 2nd quarter worth about $105,000. Finally, Meeder Asset Management Inc. acquired a new stake in A10 Networks in the 2nd quarter valued at about $137,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. BWS Financial reiterated a “buy” rating and issued a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th.

A10 Networks Price Performance

Shares of NYSE ATEN opened at $14.62 on Friday. The business has a 50-day moving average of $14.07 and a two-hundred day moving average of $14.03. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.78 and a beta of 1.11. A10 Networks, Inc. has a 1 year low of $10.67 and a 1 year high of $16.46.

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.