5 Cybersecurity Stocks Under $20

2. A10 Networks, Inc. (NYSE:ATEN)

Number of Hedge Fund Holders: 22

Share Price as of October 3: $13.27

A10 Networks, Inc. (NYSE:ATEN) is a California-based company that provides networking solutions in the Americas, Japan, the rest of Asia Pacific, and EMEA countries. The company offers intelligent management, secure application delivery in multi-cloud environments, firewalls, and encryption services. 

The company is positioned to benefit from multiple growth trends, such as elevated internet traffic, cloud migration, cybersecurity threats, 5G, and more. In its Q2 earnings disclosure, A10 Networks, Inc. (NYSE:ATEN) reiterated its full-year targets of top-line growth of 10-12% and EBITDA growth in the range of 26-28% of revenue.

According to Insider Monkey’s data, 22 hedge funds held stakes in A10 Networks, Inc. (NYSE:ATEN) worth $106 million at the end of June, compared to 24 funds in the last quarter worth $135 million. Jim Simons’ Renaissance Technologies is the biggest stakeholder of the company, with roughly 3 million shares valued at $42.5 million.