Haven Private LLC Makes New Investment in A10 Networks, Inc. (NYSE:ATEN)

Haven Private LLC acquired a new stake in A10 Networks, Inc. (NYSE:ATEN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,377 shares of the communications equipment provider’s stock, valued at approximately $430,000.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its holdings in A10 Networks by 2.0% in the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock worth $45,790,000 after purchasing an additional 62,015 shares in the last quarter. Geode Capital Management LLC raised its position in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after buying an additional 89,175 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of A10 Networks by 12.7% in the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock worth $12,168,000 after buying an additional 94,710 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of A10 Networks by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock worth $15,017,000 after acquiring an additional 20,537 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in A10 Networks by 25.0% during the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock valued at $9,928,000 after acquiring an additional 137,500 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 4.0 %

A10 Networks stock opened at $19.65 on Friday. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The company’s 50-day moving average price is $19.67 and its 200-day moving average price is $16.87. The company has a market cap of $1.45 billion, a PE ratio of 29.32 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, sell-side analysts expect 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 issued a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.22%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Analyst Upgrades and Downgrades

ATEN has been the topic of several research analyst reports. BWS Financial reiterated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum boosted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.