Royce & Associates LP Purchases 94,710 Shares of A10 Networks, Inc. (NYSE:ATEN)

Royce & Associates LP increased its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 12.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 842,656 shares of the communications equipment provider's stock after purchasing an additional 94,710 shares during the period. Royce & Associates LP owned approximately 1.14% of A10 Networks worth $12,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp boosted its position in A10 Networks by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 61,174 shares of the communications equipment provider's stock valued at $837,000 after buying an additional 973 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in A10 Networks by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider's stock worth $8,020,000 after purchasing an additional 24,672 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of A10 Networks by 7.4% in the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider's stock valued at $195,000 after buying an additional 984 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of A10 Networks by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider's stock valued at $97,245,000 after buying an additional 35,010 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in A10 Networks by 8.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 207,900 shares of the communications equipment provider's stock worth $2,846,000 after acquiring an additional 16,600 shares during the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

NYSE:ATEN traded down $0.12 during trading hours on Friday, hitting $16.44. The stock had a trading volume of 478,912 shares, compared to its average volume of 530,876. The business's 50 day moving average is $14.54 and its 200-day moving average is $14.21. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 24.54 and a beta of 1.11. A10 Networks, Inc. has a one year low of $11.83 and a one year high of $16.92.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, November 18th. A10 Networks's dividend payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

ATEN has been the topic of several research analyst reports. BWS Financial increased their price target on shares of A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Finally, Craig Hallum cut shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the transaction, the executive vice president now owns 23,799 shares of the company's stock, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.81% of the stock is currently owned by company insiders.

About A10 Networks

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.