Barclays PLC Increases Position in A10 Networks, Inc. (NYSE:ATEN)

Barclays PLC grew its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 234.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,238 shares of the communications equipment provider's stock after acquiring an additional 106,672 shares during the quarter. Barclays PLC owned about 0.21% of A10 Networks worth $2,198,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of A10 Networks by 2.0% in the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider's stock worth $45,790,000 after acquiring an additional 62,015 shares during the period. Renaissance Technologies LLC increased its position in shares of A10 Networks by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider's stock valued at $31,614,000 after purchasing an additional 135,800 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of A10 Networks by 18.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider's stock valued at $25,948,000 after purchasing an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of A10 Networks by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider's stock worth $25,191,000 after purchasing an additional 28,150 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of A10 Networks by 43,184.1% in the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider's stock worth $23,937,000 after buying an additional 1,724,343 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Price Performance

Shares of A10 Networks stock traded up $0.20 during trading on Thursday, hitting $18.81. The stock had a trading volume of 303,664 shares, compared to its average volume of 728,836. The stock has a market cap of $1.39 billion, a PE ratio of 28.07 and a beta of 1.16. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $19.37. The firm's fifty day simple moving average is $16.65 and its 200-day simple moving average is $14.70.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $66.72 million during the quarter, compared to analysts' expectations of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. Analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. A10 Networks's payout ratio is currently 35.82%.

Insider Activity

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the transaction, the executive vice president now owns 23,799 shares of the company's stock, valued at $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATEN. Craig Hallum downgraded shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price target on the stock. in a research report on Friday, November 8th. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Finally, BWS Financial lifted their price objective on A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th.

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.