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

Barclays PLC increased its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 350.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 685,720 shares of the communications equipment provider's stock after purchasing an additional 533,482 shares during the period. Barclays PLC owned approximately 0.93% of A10 Networks worth $12,618,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake 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. New York State Teachers Retirement System boosted its stake in A10 Networks by 2.3% during the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock valued at $719,000 after buying an additional 879 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of A10 Networks by 8.2% in the third quarter. HighTower Advisors LLC now owns 23,120 shares of the communications equipment provider's stock worth $340,000 after buying an additional 1,753 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of A10 Networks by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider's stock valued at $224,000 after buying an additional 2,104 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ATEN shares. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum boosted their price target 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, Raymond James assumed coverage on A10 Networks in a research note on Wednesday. They set a "market perform" rating for the company.

A10 Networks Price Performance

A10 Networks stock traded up $0.30 during trading hours on Wednesday, reaching $15.96. The stock had a trading volume of 814,313 shares, compared to its average volume of 856,505. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The stock has a market cap of $1.18 billion, a PE ratio of 23.82 and a beta of 1.31. The company has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $17.60.

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

A10 Networks Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.50%. A10 Networks's dividend payout ratio is presently 35.82%.

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.