Norges Bank Makes New $7.20 Million Investment in A10 Networks, Inc. (NYSE:ATEN)

Norges Bank purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 391,434 shares of the communications equipment provider's stock, valued at approximately $7,202,000. Norges Bank owned approximately 0.53% of A10 Networks at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its stake in shares of A10 Networks by 3,389.8% in the 4th 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. GAMMA Investing LLC lifted its stake in shares of A10 Networks by 43.5% during 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 during the period. KBC Group NV lifted its stake in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 2,251 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in A10 Networks in the fourth quarter worth about $161,000. Finally, Walleye Capital LLC bought a new stake in A10 Networks during the 3rd quarter worth about $179,000. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Stock Up 1.1 %

Shares of A10 Networks stock traded up $0.18 during trading hours on Monday, reaching $16.09. 37,489 shares of the stock traded hands, compared to its average volume of 838,586. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The company has a 50 day moving average price of $18.61 and a 200 day moving average price of $17.56. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.00 and a beta of 1.31.

A10 Networks (NYSE:ATEN - Get Free Report) last posted 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%. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.49%. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the subject of several analyst reports. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. BWS Financial restated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. Finally, Craig Hallum lifted 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.

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.