Deprince Race & Zollo Inc. Purchases 286,127 Shares of A10 Networks, Inc. (NYSE:ATEN)

Deprince Race & Zollo Inc. lifted its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,873,507 shares of the communications equipment provider's stock after acquiring an additional 286,127 shares during the period. Deprince Race & Zollo Inc. owned about 2.52% of A10 Networks worth $25,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ATEN. Vanguard Group Inc. boosted its holdings in A10 Networks by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider's stock worth $93,090,000 after purchasing an additional 102,501 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of A10 Networks in the second quarter worth about $1,201,000. Dimensional Fund Advisors LP grew its holdings in A10 Networks by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,751,119 shares of the communications equipment provider's stock valued at $23,063,000 after buying an additional 81,908 shares during the last quarter. Aristides Capital LLC lifted its holdings in shares of A10 Networks by 55.0% during the fourth quarter. Aristides Capital LLC now owns 31,000 shares of the communications equipment provider's stock worth $408,000 after buying an additional 11,000 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of A10 Networks in the second quarter worth $516,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ATEN shares. BWS Financial reaffirmed a "buy" rating and issued a $17.00 price target on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com lowered A10 Networks from a "buy" rating to a "hold" rating in a research report on Monday, July 1st.

A10 Networks Stock Performance

A10 Networks stock traded up $0.32 during midday trading on Thursday, reaching $14.05. The stock had a trading volume of 512,042 shares, compared to its average volume of 767,628. A10 Networks, Inc. has a 1-year low of $10.03 and a 1-year high of $16.46. The firm's fifty day simple moving average is $13.40 and its 200-day simple moving average is $13.87. The stock has a market capitalization of $1.05 billion, a P/E ratio of 23.03 and a beta of 1.11.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $60.10 million during the quarter, compared to analysts' expectations of $64.30 million. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. On average, sell-side analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks's payout ratio is 39.34%.

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.