American Century Companies Inc. Purchases 27,585 Shares of A10 Networks, Inc. (NYSE:ATEN)

American Century Companies Inc. lifted its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,702 shares of the communications equipment provider's stock after purchasing an additional 27,585 shares during the period. American Century Companies Inc. owned about 0.24% of A10 Networks worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after acquiring an additional 744 shares in the last quarter. KBC Group NV boosted its position in shares of A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of A10 Networks in the fourth quarter valued at $161,000. Finally, Walleye Capital LLC bought a new stake in A10 Networks in the third quarter worth $179,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ATEN shares. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Craig Hallum raised their price objective on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday, February 5th. Finally, BWS Financial reissued a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th.

A10 Networks Trading Up 2.2 %

Shares of ATEN stock traded up $0.34 during trading hours on Friday, reaching $15.94. 938,342 shares of the stock were exchanged, compared to its average volume of 840,237. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.79 and a beta of 1.31. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The company's 50-day moving average price is $18.61 and its 200-day moving average price is $17.54.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio is currently 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.