First Trust Advisors LP Purchases 45,868 Shares of A10 Networks, Inc. (NYSE:ATEN)

First Trust Advisors LP grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,501,332 shares of the communications equipment provider's stock after acquiring an additional 45,868 shares during the quarter. First Trust Advisors LP owned about 2.03% of A10 Networks worth $27,625,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its holdings in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after purchasing an additional 744 shares during the last quarter. KBC Group NV lifted its holdings in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after purchasing an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks during the fourth quarter valued at $161,000. Finally, Sciencast Management LP purchased a new stake in shares of A10 Networks during the fourth quarter valued at $198,000. Institutional investors and hedge funds own 98.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATEN. BWS Financial reaffirmed a "buy" rating and set a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum upped their price target on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday, February 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of A10 Networks in a research report on Saturday. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Raymond James began coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

A10 Networks Trading Up 1.7 %

ATEN stock traded up $0.27 during mid-day trading on Tuesday, hitting $16.67. The stock had a trading volume of 1,072,281 shares, compared to its average volume of 861,533. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The company has a fifty day moving average of $17.47 and a 200 day moving average of $17.68. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.89 and a beta of 1.31.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, sell-side analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio is 35.82%.

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.