Dean Investment Associates LLC lessened its holdings in ADTRAN, Inc. (NASDAQ:ADTN) by 28.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,210 shares of the communications equipment provider’s stock after selling 52,645 shares during the period. Dean Investment Associates LLC owned about 0.27% of ADTRAN worth $3,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ADTN. Public Employees Retirement System of Ohio increased 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 during the last quarter. Thompson Davis & CO. Inc. bought a new position in ADTRAN in the 3rd quarter worth approximately $157,000. SG Americas Securities LLC bought a new position in ADTRAN in the 3rd quarter worth approximately $190,000. Suntrust Banks Inc. bought a new position in ADTRAN in the 2nd quarter worth approximately $208,000. Finally, Crossmark Global Holdings Inc. bought a new position in ADTRAN in the 3rd quarter worth approximately $211,000. Institutional investors own 91.37% of the company’s stock.

In related news, SVP Raymond R. Schansman sold 48,056 shares of ADTRAN stock in a transaction on Friday, October 20th. The shares were sold at an average price of $21.70, for a total value of $1,042,815.20. Following the transaction, the senior vice president now owns 11,658 shares in the company, valued at approximately $252,978.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin P. Heering sold 9,809 shares of ADTRAN stock in a transaction 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 transaction, the senior vice president now owns 10,162 shares in the company, valued at approximately $219,499.20. The disclosure for this sale can be found here. Company insiders own 2.96% of the company’s stock.

Several research firms recently commented on ADTN. BidaskClub downgraded shares of ADTRAN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of ADTRAN from a “strong-buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Northland Securities set a $28.00 price objective on shares of ADTRAN and gave the stock a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.29.

ADTRAN, Inc. (NASDAQ ADTN) opened at $21.80 on Thursday. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.05. ADTRAN, Inc. has a fifty-two week low of $18.92 and a fifty-two week high of $25.10. The company has a market cap of $1,059.29, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.50 and a beta of 0.77.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, October 31st. ADTRAN’s dividend payout ratio (DPR) is currently 40.45%.

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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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