Healthcare of Ontario Pension Plan Trust Fund increased its holdings in A10 Networks, Inc. (NYSE:ATEN – Free Report) by 53.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 98,907 shares of the communications equipment provider’s stock after acquiring an additional 34,551 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in A10 Networks were worth $2,287,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its position in shares of A10 Networks by 84.3% during the 4th quarter. Hsbc Holdings PLC now owns 153,816 shares of the communications equipment provider’s stock valued at $2,724,000 after acquiring an additional 70,357 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of A10 Networks by 967.4% during the fourth quarter. AlphaQuest LLC now owns 162,685 shares of the communications equipment provider’s stock worth $2,878,000 after purchasing an additional 147,444 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of A10 Networks in the first quarter worth approximately $2,283,000. Louisiana State Employees Retirement System bought a new position in shares of A10 Networks in the first quarter worth approximately $733,000. Finally, Rice Hall James & Associates LLC raised its stake in A10 Networks by 15.6% in the fourth quarter. Rice Hall James & Associates LLC now owns 316,512 shares of the communications equipment provider’s stock valued at $5,599,000 after purchasing an additional 42,715 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.
A10 Networks Trading Down 1.4%
NYSE ATEN opened at $29.54 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 47.65 and a beta of 1.14. A10 Networks, Inc. has a 1-year low of $16.52 and a 1-year high of $38.49. The stock has a 50-day moving average of $33.65 and a 200-day moving average of $26.36. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99.
Insiders Place Their Bets
In other news, Director Eric Singer sold 24,698 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the sale, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This represents a 26.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Sidoti reiterated a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a research report on Monday, April 20th. Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Mizuho upped their target price on shares of A10 Networks from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Piper Sandler set a $45.00 target price on A10 Networks in a research note on Tuesday, June 16th. Finally, BWS Financial raised their price target on A10 Networks from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, A10 Networks currently has a consensus rating of “Hold” and a consensus price target of $31.29.
View Our Latest Research Report on ATEN
A10 Networks Company Profile
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.
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