Geode Capital Management LLC Has $24.01 Million Stake in A10 Networks, Inc. (NYSE:ATEN)

Geode Capital Management LLC lifted its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,662,442 shares of the communications equipment provider's stock after purchasing an additional 89,175 shares during the period. Geode Capital Management LLC owned about 2.25% of A10 Networks worth $24,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mackenzie Financial Corp raised its position in shares of A10 Networks by 15.6% during the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock worth $638,000 after purchasing an additional 6,217 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of A10 Networks in the 2nd quarter valued at approximately $516,000. Barclays PLC lifted its holdings in shares of A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after purchasing an additional 106,672 shares in the last quarter. Quest Partners LLC boosted its position in shares of A10 Networks by 262.1% in the third quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider's stock worth $812,000 after buying an additional 40,712 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of A10 Networks during the third quarter valued at $1,073,000. 98.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ATEN. Craig Hallum downgraded A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective for the company. in a research note on Friday, November 8th. BWS Financial increased their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

A10 Networks Price Performance

ATEN traded down $0.23 during trading on Friday, reaching $18.58. 347,022 shares of the stock traded hands, compared to its average volume of 727,308. The stock's 50-day simple moving average is $16.81 and its two-hundred day simple moving average is $14.77. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $19.37. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 27.73 and a beta of 1.16.

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

A10 Networks Announces Dividend

The firm also recently declared 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 1.29%. A10 Networks's dividend payout ratio (DPR) is 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.