JPMorgan Chase & Co. Purchases 153,116 Shares of A10 Networks, Inc. (NYSE:ATEN)

JPMorgan Chase & Co. lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 477,311 shares of the communications equipment provider's stock after purchasing an additional 153,116 shares during the period. JPMorgan Chase & Co. owned about 0.65% of A10 Networks worth $8,783,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased 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 worth $38,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its position in A10 Networks by 43.5% in 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 boosted its stake 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 period. Harvest Fund Management Co. Ltd bought a new position in shares of A10 Networks in the fourth quarter worth approximately $161,000. Finally, Sciencast Management LP purchased a new position in shares of A10 Networks in the fourth quarter worth $198,000. 98.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

A10 Networks Stock Up 0.3 %

Shares of NYSE:ATEN traded up $0.04 on Friday, hitting $15.72. The company had a trading volume of 1,840,941 shares, compared to its average volume of 852,573. The firm's 50-day simple moving average is $18.12 and its two-hundred day simple moving average is $17.62. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 23.46 and a beta of 1.31. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

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

A10 Networks Dividend Announcement

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

A10 Networks Company 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.