11,588 Shares in A10 Networks, Inc. (NYSE:ATEN) Acquired by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC purchased a new stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,588 shares of the communications equipment provider's stock, valued at approximately $213,000.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of A10 Networks by 2.0% in the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider's stock worth $45,790,000 after acquiring an additional 62,015 shares during the period. Geode Capital Management LLC boosted its stake in shares of A10 Networks by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider's stock worth $24,010,000 after acquiring an additional 89,175 shares during the period. Royce & Associates LP lifted its position in shares of A10 Networks by 12.7% in the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider's stock worth $12,168,000 after buying an additional 94,710 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of A10 Networks by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock worth $15,017,000 after buying an additional 20,537 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of A10 Networks by 25.0% in the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider's stock worth $9,928,000 after buying an additional 137,500 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

ATEN stock traded down $0.08 during midday trading on Monday, reaching $21.61. 618,360 shares of the company traded hands, compared to its average volume of 661,918. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The business has a 50 day moving average of $19.19 and a 200-day moving average of $16.22. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 32.25 and a beta of 1.14.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (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%. Research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ATEN shares. StockNews.com downgraded A10 Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. BWS Financial reiterated a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, 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.

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.