13,450 Shares in A10 Networks, Inc. (NYSE:ATEN) Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,450 shares of the communications equipment provider's stock, valued at approximately $247,000.

Several other institutional investors have also recently modified their holdings of the company. Millennium Management LLC acquired a new stake in A10 Networks during the second quarter worth about $9,562,000. Harbor Capital Advisors Inc. grew its holdings in A10 Networks by 175.0% during the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider's stock worth $11,489,000 after acquiring an additional 506,332 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in A10 Networks during the second quarter worth about $4,058,000. Deprince Race & Zollo Inc. grew its holdings in A10 Networks by 18.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider's stock worth $25,948,000 after acquiring an additional 286,127 shares during the period. Finally, Algert Global LLC grew its holdings in A10 Networks by 161.6% during the second quarter. Algert Global LLC now owns 409,222 shares of the communications equipment provider's stock worth $5,668,000 after acquiring an additional 252,816 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction 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 of the company's stock, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.82% of the company's stock.

A10 Networks Price Performance

A10 Networks stock traded up $0.02 during trading on Wednesday, reaching $19.02. 427,232 shares of the company were exchanged, compared to its average volume of 592,618. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $19.37. The company has a market capitalization of $1.40 billion, a P/E ratio of 28.39 and a beta of 1.14. The stock's 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $15.36.

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

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.26%. A10 Networks's dividend payout ratio is currently 35.82%.

Analyst Ratings Changes

ATEN has been the topic of several analyst reports. BWS Financial raised their target price on A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th. Finally, Craig Hallum downgraded A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective on the stock. in a research report on Friday, November 8th.

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.