Proficio Capital Partners LLC Invests $325,000 in A10 Networks, Inc. (NYSE:ATEN)

Proficio Capital Partners LLC bought a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,682 shares of the communications equipment provider's stock, valued at approximately $325,000.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in A10 Networks by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider's stock worth $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Barclays PLC increased its position in shares of A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after buying an additional 106,672 shares during the period. SG Americas Securities LLC lifted its holdings in shares of A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock worth $600,000 after buying an additional 25,508 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after acquiring an additional 41,141 shares during the period. Finally, Systematic Financial Management LP purchased a new position in A10 Networks during the third quarter valued at approximately $1,073,000. 98.61% of the stock is owned by institutional investors.

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A10 Networks Trading Down 3.0 %

Shares of NYSE:ATEN traded down $0.52 during trading on Friday, reaching $16.75. The company had a trading volume of 857,285 shares, compared to its average volume of 813,647. The company has a fifty day moving average of $19.47 and a two-hundred day moving average of $17.39. The stock has a market capitalization of $1.24 billion, a P/E ratio of 25.00 and a beta of 1.17. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS 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%. As a group, equities research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ATEN. BWS Financial reissued a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum boosted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th.

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.