A10 Networks, Inc. (NYSE:ATEN) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,823 shares of the communications equipment provider's stock after acquiring an additional 97,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.47% of A10 Networks worth $6,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATEN. MassMutual Private Wealth & Trust FSB lifted its holdings in A10 Networks by 3,389.8% during the 4th 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 increased its holdings in 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 purchasing an additional 744 shares in the last quarter. Quantbot Technologies LP increased its holdings in A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after purchasing an additional 2,762 shares in the last quarter. KBC Group NV increased its holdings in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of A10 Networks in the third quarter valued at approximately $179,000. Institutional investors own 98.61% of the company's stock.

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Analyst Upgrades and Downgrades

ATEN has been the subject of several research reports. Craig Hallum increased their price objective on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, February 5th. BWS Financial reiterated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th.

A10 Networks Stock Up 1.9 %

ATEN stock traded up $0.33 during trading on Wednesday, reaching $17.75. The company's stock had a trading volume of 1,463,966 shares, compared to its average volume of 1,037,476. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The company has a market capitalization of $1.31 billion, a P/E ratio of 26.49 and a beta of 1.17. The company's fifty day moving average is $19.65 and its 200-day moving average is $17.19.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (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%. Analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently announced 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 of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. A10 Networks's dividend payout ratio is presently 35.82%.

About A10 Networks

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.