Arrowstreet Capital Limited Partnership Raises Position in A10 Networks, Inc. (NYSE:ATEN)

Arrowstreet Capital Limited Partnership raised its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 298.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,967 shares of the communications equipment provider's stock after purchasing an additional 184,962 shares during the period. Arrowstreet Capital Limited Partnership owned 0.33% of A10 Networks worth $4,544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATEN. GAMMA Investing LLC boosted its holdings in A10 Networks by 43.5% in the 4th 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. Y Intercept Hong Kong Ltd grew its position in A10 Networks by 1.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider's stock worth $789,000 after acquiring an additional 814 shares during the last quarter. New York State Teachers Retirement System increased its stake in A10 Networks by 2.3% in the 4th quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock worth $719,000 after purchasing an additional 879 shares during the period. HighTower Advisors LLC lifted its position in A10 Networks by 8.2% in the third quarter. HighTower Advisors LLC now owns 23,120 shares of the communications equipment provider's stock valued at $340,000 after purchasing an additional 1,753 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake 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. Institutional investors own 98.61% of the company's stock.

A10 Networks Price Performance

A10 Networks stock traded up $0.34 during midday trading on Friday, reaching $15.94. 938,342 shares of the company traded hands, compared to its average volume of 840,237. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The business has a 50 day moving average of $18.61 and a two-hundred day moving average of $17.54. 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 (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share 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%. As a group, equities analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.51%. A10 Networks's payout ratio is 35.82%.

Analyst Upgrades and Downgrades

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