Harbor Capital Advisors Inc. Purchases 20,537 Shares of A10 Networks, Inc. (NYSE:ATEN)

Harbor Capital Advisors Inc. lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,165 shares of the communications equipment provider’s stock after acquiring an additional 20,537 shares during the quarter. A10 Networks makes up approximately 0.7% of Harbor Capital Advisors Inc.’s holdings, making the stock its 17th largest holding. Harbor Capital Advisors Inc.’s holdings in A10 Networks were worth $15,017,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ATEN. Guidance Capital Inc. grew its holdings in shares of A10 Networks by 2.0% during the third quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock worth $530,000 after purchasing an additional 718 shares during the last quarter. GAMMA Investing LLC lifted its holdings in A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after buying an additional 744 shares in the last quarter. Martingale Asset Management L P boosted its position in A10 Networks by 0.8% in the 3rd quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock valued at $1,459,000 after buying an additional 770 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of A10 Networks by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 776 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of A10 Networks by 0.4% during the second quarter. Rhumbline Advisers now owns 203,054 shares of the communications equipment provider’s stock valued at $2,812,000 after acquiring an additional 804 shares during the period. 98.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.82% of the stock is owned by corporate insiders.

A10 Networks Price Performance

NYSE ATEN traded down $0.27 during trading on Friday, reaching $18.43. 106,547 shares of the company’s stock were exchanged, compared to its average volume of 432,332. The business has a 50 day moving average price of $17.51 and a 200-day moving average price of $15.06. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.37. The stock has a market capitalization of $1.36 billion, a P/E ratio of 27.51 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. A10 Networks’s payout ratio is presently 35.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BWS Financial increased their price target on A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Friday, November 8th. Finally, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

About A10 Networks

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.