A10 Networks, Inc. (NYSE:ATEN) Stake Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 107.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,733 shares of the communications equipment provider's stock after buying an additional 21,053 shares during the quarter. Intech Investment Management LLC owned about 0.06% of A10 Networks worth $749,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position 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 acquiring an additional 744 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of A10 Networks by 0.8% in the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider's stock valued at $1,459,000 after purchasing an additional 770 shares during the period. Y Intercept Hong Kong Ltd increased its stake in A10 Networks by 1.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider's stock worth $789,000 after buying an additional 814 shares during the period. New York State Teachers Retirement System lifted its holdings in A10 Networks by 2.3% in the 4th quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock worth $719,000 after buying an additional 879 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of A10 Networks by 0.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,491 shares of the communications equipment provider's stock worth $3,588,000 after acquiring an additional 1,413 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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A10 Networks Trading Down 0.9 %

A10 Networks stock traded down $0.16 during midday trading on Thursday, hitting $17.29. The stock had a trading volume of 1,117,293 shares, compared to its average volume of 750,956. The business has a fifty day moving average price of $19.54 and a 200 day moving average price of $17.34. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The stock has a market cap of $1.28 billion, a P/E ratio of 25.80 and a beta of 1.17.

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

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid 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 1.39%. A10 Networks's payout ratio is currently 35.82%.

Analyst Ratings Changes

A number of brokerages have weighed in on ATEN. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Craig Hallum raised their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th. Finally, 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.

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.