Prudential Financial Inc. Increases Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Prudential Financial Inc. boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 78.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,394 shares of the communications equipment provider's stock after acquiring an additional 119,856 shares during the quarter. Prudential Financial Inc. owned 0.37% of A10 Networks worth $5,012,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Weiss Asset Management LP acquired a new stake in shares of A10 Networks in the third quarter valued at about $2,295,000. JPMorgan Chase & Co. lifted its position in shares of A10 Networks by 59.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider's stock worth $4,681,000 after purchasing an additional 120,342 shares during the period. Barclays PLC boosted its stake in shares of A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after purchasing an additional 106,672 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in A10 Networks by 87.0% in the fourth quarter. Teacher Retirement System of Texas now owns 222,875 shares of the communications equipment provider's stock valued at $4,101,000 after buying an additional 103,673 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in A10 Networks by 39.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider's stock worth $6,363,000 after acquiring an additional 97,332 shares during the period. Institutional investors own 98.61% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several analysts have recently weighed in on ATEN shares. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, Craig Hallum increased their price objective 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.

A10 Networks Trading Down 6.3 %

Shares of ATEN traded down $1.05 during trading hours on Thursday, reaching $15.76. The stock had a trading volume of 1,297,113 shares, compared to its average volume of 820,265. The firm has a 50-day simple moving average of $19.33 and a 200 day simple moving average of $17.46. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 23.52 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last released 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 net margin of 19.16% and a return on equity of 23.44%. On average, equities analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

A10 Networks 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.