Hussman Strategic Advisors Inc. Takes $3.81 Million Position in A10 Networks, Inc. $ATEN

Hussman Strategic Advisors Inc. purchased a new position in A10 Networks, Inc. (NYSE:ATEN) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 210,000 shares of the communications equipment provider’s stock, valued at approximately $3,812,000. A10 Networks comprises approximately 0.8% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 10th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in A10 Networks by 38.1% in the third quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 1,005 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of A10 Networks by 120.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after buying an additional 3,225 shares during the last quarter. Corton Capital Inc. bought a new position in shares of A10 Networks during the 2nd quarter worth approximately $194,000. Sawgrass Asset Management LLC raised its stake in shares of A10 Networks by 11.0% during the 3rd quarter. Sawgrass Asset Management LLC now owns 11,408 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 1,135 shares in the last quarter. Finally, State of Wyoming lifted its position in A10 Networks by 346.7% during the second quarter. State of Wyoming now owns 13,545 shares of the communications equipment provider’s stock valued at $262,000 after acquiring an additional 10,513 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Up 1.9%

Shares of NYSE:ATEN opened at $18.14 on Wednesday. The business’s 50 day moving average price is $17.58 and its 200-day moving average price is $17.75. A10 Networks, Inc. has a 1 year low of $13.81 and a 1 year high of $21.90. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.68 and a beta of 1.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.64 and a quick ratio of 3.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data 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 25.87% and a net margin of 17.78%.The company had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $70.70 million. During the same period in the previous year, the firm posted $0.21 EPS. A10 Networks’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. A10 Networks’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ATEN shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.00.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.