IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 96,095 Shares of A10 Networks, Inc. $ATEN

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in A10 Networks, Inc. (NYSE:ATEN) by 69.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,891 shares of the communications equipment provider’s stock after acquiring an additional 96,095 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.32% of A10 Networks worth $4,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vestcor Inc purchased a new stake in A10 Networks in the first quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of A10 Networks during the 1st quarter valued at $55,000. CWM LLC lifted its holdings in shares of A10 Networks by 45.6% during the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider’s stock valued at $76,000 after buying an additional 1,454 shares during the period. DRW Securities LLC purchased a new position in shares of A10 Networks in the 1st quarter worth $188,000. Finally, CenterBook Partners LP bought a new stake in shares of A10 Networks in the first quarter worth $206,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ATEN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th. BTIG Research upgraded shares of A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, August 6th. Wall Street Zen raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. Finally, Mizuho assumed coverage on shares of A10 Networks in a report on Monday, July 14th. They set a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

A10 Networks Stock Down 1.4%

ATEN stock opened at $17.78 on Tuesday. The business’s 50-day moving average price is $17.79 and its 200-day moving average price is $17.74. The stock has a market cap of $1.28 billion, a P/E ratio of 26.15 and a beta of 1.27. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The company had revenue of $69.38 million for the quarter, compared to analysts’ expectations of $65.99 million. During the same quarter last year, the business earned $0.18 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. A10 Networks’s payout ratio is 35.29%.

Insiders Place Their Bets

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the sale, the chief financial officer owned 77,599 shares in the company, valued at approximately $1,399,109.97. This represents a 7.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.15% of the company’s stock.

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.