Millennium Management LLC Invests $9.56 Million in A10 Networks, Inc. (NYSE:ATEN)

Millennium Management LLC acquired a new position in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 690,412 shares of the communications equipment provider's stock, valued at approximately $9,562,000. Millennium Management LLC owned approximately 0.93% of A10 Networks at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ATEN. Vanguard Group Inc. lifted its holdings in A10 Networks by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider's stock worth $93,090,000 after buying an additional 102,501 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of A10 Networks in the 4th quarter worth about $233,000. Bridge City Capital LLC increased its position in shares of A10 Networks by 2.3% in the 1st quarter. Bridge City Capital LLC now owns 347,160 shares of the communications equipment provider's stock worth $4,753,000 after purchasing an additional 7,873 shares during the last quarter. Guidance Capital Inc. increased its position in shares of A10 Networks by 70.2% in the 1st quarter. Guidance Capital Inc. now owns 32,294 shares of the communications equipment provider's stock worth $418,000 after purchasing an additional 13,320 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of A10 Networks by 20.4% in the 1st quarter. BNP Paribas Financial Markets now owns 106,548 shares of the communications equipment provider's stock worth $1,459,000 after purchasing an additional 18,073 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Price Performance

Shares of NYSE:ATEN traded up $0.22 during trading on Wednesday, reaching $14.60. 479,588 shares of the company's stock traded hands, compared to its average volume of 752,346. A10 Networks, Inc. has a 12 month low of $10.55 and a 12 month high of $16.46. The company has a 50 day moving average of $13.46 and a 200-day moving average of $13.88. The stock has a market capitalization of $1.09 billion, a P/E ratio of 23.93 and a beta of 1.11.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The business had revenue of $60.10 million during the quarter, compared to the consensus estimate of $64.30 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company's revenue for the quarter was down 8.7% compared to the same quarter last year. Equities research analysts predict that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks's dividend payout ratio is presently 39.34%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ATEN shares. BWS Financial reissued a "buy" rating and issued a $17.00 target price on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Friday, October 4th.

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.