Royce & Associates LP Buys 76,412 Shares of A10 Networks, Inc. (NYSE:ATEN)

Royce & Associates LP increased its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 919,068 shares of the communications equipment provider's stock after buying an additional 76,412 shares during the quarter. Royce & Associates LP owned 1.25% of A10 Networks worth $16,911,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Picton Mahoney Asset Management grew its holdings in A10 Networks by 61.4% during the fourth quarter. Picton Mahoney Asset Management now owns 32,047 shares of the communications equipment provider's stock worth $590,000 after buying an additional 12,196 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in A10 Networks by 39.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider's stock worth $6,363,000 after buying an additional 97,332 shares in the last quarter. Haven Private LLC bought a new stake in A10 Networks during the fourth quarter worth $430,000. Inceptionr LLC bought a new stake in A10 Networks during the fourth quarter worth $426,000. Finally, Proficio Capital Partners LLC purchased a new position in A10 Networks in the fourth quarter worth $325,000. Institutional investors own 98.61% of the company's stock.

A10 Networks Price Performance

Shares of NYSE ATEN traded down $0.30 during trading on Thursday, reaching $17.45. 1,879,427 shares of the stock traded hands, compared to its average volume of 731,089. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The company has a 50-day moving average of $19.63 and a 200-day moving average of $17.20. The stock has a market capitalization of $1.29 billion, a P/E ratio of 26.04 and a beta of 1.17.

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A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly 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%. Analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.38%. A10 Networks's dividend payout ratio is presently 35.82%.

Analysts Set New Price Targets

ATEN has been the topic of several research analyst reports. BWS Financial reissued a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum boosted their price objective 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 research report on Wednesday, March 12th.

About A10 Networks

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.