Franklin Resources Inc. Buys 25,447 Shares of A10 Networks, Inc. (NYSE:ATEN)

Franklin Resources Inc. raised its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,111 shares of the communications equipment provider's stock after purchasing an additional 25,447 shares during the quarter. Franklin Resources Inc. owned 0.12% of A10 Networks worth $1,640,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ATEN. MassMutual Private Wealth & Trust FSB raised its position in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 period. KBC Group NV boosted its holdings in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after purchasing an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of A10 Networks during the 4th quarter valued at $161,000. Finally, Sciencast Management LP purchased a new stake in A10 Networks during the fourth quarter valued at $198,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Price Performance

Shares of NYSE:ATEN traded up $0.04 during mid-day trading on Friday, reaching $15.72. 1,840,941 shares of the company traded hands, compared to its average volume of 852,573. The company's 50 day moving average price is $18.12 and its 200-day moving average price is $17.59. The firm has a market cap of $1.16 billion, a PE ratio of 23.46 and a beta of 1.31. 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 data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

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

A10 Networks Profile

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.