Tieton Capital Management LLC decreased its position in ADTRAN, Inc. (NASDAQ:ADTN) by 4.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 255,099 shares of the communications equipment provider’s stock after selling 12,480 shares during the period. ADTRAN comprises 5.3% of Tieton Capital Management LLC’s portfolio, making the stock its 5th biggest position. Tieton Capital Management LLC owned about 0.53% of ADTRAN worth $6,122,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ADTN. Public Employees Retirement System of Ohio raised its stake in shares of ADTRAN by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock worth $141,000 after purchasing an additional 373 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of ADTRAN during the 3rd quarter worth approximately $157,000. SG Americas Securities LLC bought a new stake in shares of ADTRAN during the 3rd quarter worth approximately $190,000. State of Alaska Department of Revenue raised its stake in shares of ADTRAN by 78.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,524 shares of the communications equipment provider’s stock worth $196,000 after purchasing an additional 4,174 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new stake in shares of ADTRAN during the 2nd quarter worth approximately $208,000. Institutional investors own 89.08% of the company’s stock.

In related news, SVP Kevin P. Heering sold 9,809 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $21.60, for a total transaction of $211,874.40. Following the completion of the sale, the senior vice president now owns 10,162 shares of the company’s stock, valued at $219,499.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Raymond R. Schansman sold 48,056 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $21.70, for a total value of $1,042,815.20. Following the sale, the senior vice president now directly owns 11,658 shares of the company’s stock, valued at approximately $252,978.60. The disclosure for this sale can be found here. 2.96% of the stock is owned by company insiders.

A number of research firms recently weighed in on ADTN. Needham & Company LLC upped their price objective on ADTRAN from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 10th. BidaskClub lowered ADTRAN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Northland Securities set a $28.00 price objective on ADTRAN and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered ADTRAN from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.29.

Shares of ADTRAN, Inc. (ADTN) opened at $22.30 on Monday. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.05. ADTRAN, Inc. has a 1 year low of $18.92 and a 1 year high of $25.10. The firm has a market capitalization of $1,070.00, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.53 and a beta of 0.71.

ADTRAN (NASDAQ:ADTN) last posted its earnings results on Tuesday, October 17th. The communications equipment provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. The firm had revenue of $185.11 million during the quarter, compared to the consensus estimate of $185.43 million. ADTRAN had a return on equity of 9.05% and a net margin of 6.05%. analysts predict that ADTRAN, Inc. will post 0.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.36 annualized dividend and a yield of 1.61%. ADTRAN’s dividend payout ratio is presently 40.91%.

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ADTRAN Company Profile

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

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Institutional Ownership by Quarter for ADTRAN (NASDAQ:ADTN)

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