Charles Schwab Investment Management Inc. Raises Holdings in A10 Networks, Inc. (NYSE:ATEN)

Charles Schwab Investment Management Inc. raised its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,430 shares of the communications equipment provider's stock after acquiring an additional 17,510 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.91% of A10 Networks worth $12,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Weiss Asset Management LP bought a new position in A10 Networks in the 3rd quarter worth approximately $2,295,000. JPMorgan Chase & Co. boosted its stake in shares of A10 Networks by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider's stock valued at $4,681,000 after purchasing an additional 120,342 shares during the period. Barclays PLC lifted its holdings in A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock worth $2,198,000 after buying an additional 106,672 shares during the period. Geode Capital Management LLC boosted its stake in shares of A10 Networks by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider's stock valued at $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in A10 Networks in the third quarter worth $1,073,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

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A10 Networks Stock Performance

ATEN stock traded up $0.35 during midday trading on Tuesday, reaching $17.83. 1,284,850 shares of the company traded hands, compared to its average volume of 742,147. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.61 and a beta of 1.17. The business has a 50 day moving average of $19.58 and a 200-day moving average of $17.30. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. Research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. A10 Networks's dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ATEN. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. BWS Financial reiterated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum upped their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th.

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.