Geode Capital Management LLC Has $34.52 Million Holdings in A10 Networks, Inc. $ATEN

Geode Capital Management LLC grew its position in A10 Networks, Inc. (NYSE:ATEN) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,783,557 shares of the communications equipment provider’s stock after buying an additional 51,454 shares during the quarter. Geode Capital Management LLC owned approximately 2.47% of A10 Networks worth $34,516,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vestcor Inc acquired a new position in A10 Networks in the 1st quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of A10 Networks in the first quarter worth $55,000. CWM LLC grew its holdings in shares of A10 Networks by 45.6% during the first 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 in the last quarter. DRW Securities LLC acquired a new position in A10 Networks during the first quarter valued at $188,000. Finally, Corton Capital Inc. acquired a new position in A10 Networks during the second quarter valued at $194,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. BTIG Research raised 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 report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Stock Performance

Shares of ATEN opened at $17.02 on Thursday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 25.03 and a beta of 1.30. The company’s fifty day moving average is $17.72 and its 200-day moving average is $17.90. 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 12 month low of $13.81 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company had revenue of $74.68 million during the quarter, compared to the consensus estimate of $70.70 million. During the same quarter in the prior year, the company posted $0.21 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Equities analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 17th. A10 Networks’s payout ratio is presently 35.29%.

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.