Hussman Strategic Advisors Inc. Purchases New Shares in A10 Networks, Inc. $ATEN

Hussman Strategic Advisors Inc. purchased a new position in A10 Networks, Inc. (NYSE:ATEN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 holdings, making the stock its 10th biggest position. Hussman Strategic Advisors Inc. owned about 0.29% of A10 Networks as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of A10 Networks by 38.1% in the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 1,005 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in A10 Networks by 120.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock worth $114,000 after purchasing an additional 3,225 shares during the last quarter. Corton Capital Inc. purchased a new position in shares of A10 Networks during the second quarter valued at approximately $194,000. Sawgrass Asset Management LLC boosted its position in shares of A10 Networks by 11.0% during the third quarter. Sawgrass Asset Management LLC now owns 11,408 shares of the communications equipment provider’s stock valued at $207,000 after buying an additional 1,135 shares during the period. Finally, State of Wyoming grew its stake in shares of 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 buying an additional 10,513 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Price Performance

Shares of ATEN stock opened at $18.14 on Wednesday. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.90. The company has a current ratio of 3.64, a quick ratio of 3.49 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $17.58 and a two-hundred day simple moving average of $17.75. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.68 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, beating 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 firm had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATEN. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.