Proficio Capital Partners LLC Buys Shares of 17,682 A10 Networks, Inc. (NYSE:ATEN)

Proficio Capital Partners LLC acquired a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,682 shares of the communications equipment provider’s stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its stake in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares in the last quarter. KBC Group NV increased its position in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,251 shares during the last quarter. 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 valued at $82,000 after purchasing an additional 2,762 shares in the last quarter. Finally, Sawgrass Asset Management LLC bought a new stake in A10 Networks during the fourth quarter valued at approximately $213,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of ATEN opened at $17.83 on Wednesday. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 26.61 and a beta of 1.17. The firm has a 50 day moving average price of $19.57 and a 200-day moving average price of $17.34.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, equities research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s dividend payout ratio is presently 35.82%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ATEN. BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum increased their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th.

A10 Networks Company 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.