Segall Bryant & Hamill LLC Makes New $1.27 Million Investment in A10 Networks, Inc. $ATEN

Segall Bryant & Hamill LLC invested $1.27 million in A10 Networks, acquiring 65,440 shares. A10 Networks' stock is trading at $17.06, with a market cap of $1.22 billion. Analysts have mixed ratings, with a consensus target price of $22.00. The company announced a $0.06 quarterly dividend, yielding 1.4%. A10 Networks reported $0.23 EPS, beating estimates, with revenue up 11.9% year-over-year.

Segall Bryant & Hamill LLC bought a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 65,440 shares of the communications equipment provider's stock, valued at approximately $1,266,000. Segall Bryant & Hamill LLC owned about 0.09% of A10 Networks as of its most recent filing with the Securities & Exchange Commission.

A10 Networks: Key 5G Infrastructure Stock that's Beating the Market

Several other hedge funds and other institutional investors have also made changes to their positions in ATEN. CWM LLC boosted its position in shares of A10 Networks by 45.6% in the 1st quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock worth $76,000 after buying an additional 1,454 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of A10 Networks by 98.7% in the first quarter. Allianz Asset Management GmbH now owns 197,881 shares of the communications equipment provider's stock valued at $3,233,000 after purchasing an additional 98,293 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of A10 Networks in the first quarter valued at approximately $2,281,000. Pacer Advisors Inc. increased its stake in shares of A10 Networks by 215.2% during the 1st quarter. Pacer Advisors Inc. now owns 28,725 shares of the communications equipment provider's stock worth $469,000 after purchasing an additional 19,611 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its stake in shares of A10 Networks by 166.2% during the 1st quarter. Picton Mahoney Asset Management now owns 85,318 shares of the communications equipment provider's stock worth $1,394,000 after purchasing an additional 53,271 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Trading Up 1.3%

Shares of A10 Networks stock opened at $17.06 on Wednesday. A10 Networks, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The business's fifty day moving average is $17.73 and its two-hundred day moving average is $17.91. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.22 billion, a PE ratio of 25.09 and a beta of 1.30.

A10 Networks (NYSE:ATEN - Get Free Report) last released its 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 25.46% and a net margin of 18.45%.The firm had revenue of $74.68 million during the quarter, compared to analyst estimates of $70.70 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The business's quarterly revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. A10 Networks's dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analyst Weigh In

ATEN has been the topic of a number of analyst reports. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c+)" rating on shares of A10 Networks in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

Get Our Latest Analysis on ATEN

A10 Networks Profile

(Free Report)

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.

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