State Street Corp Has $45.79 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

State Street Corp boosted its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,171,077 shares of the communications equipment provider's stock after acquiring an additional 62,015 shares during the quarter. State Street Corp owned about 4.30% of A10 Networks worth $45,790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATEN. Guidance Capital Inc. grew its holdings in shares of A10 Networks by 2.0% in the 3rd quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider's stock worth $530,000 after acquiring an additional 718 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of A10 Networks by 0.8% in the 3rd quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider's stock valued at $1,459,000 after purchasing an additional 770 shares during the period. The Manufacturers Life Insurance Company increased its stake in A10 Networks by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider's stock worth $377,000 after purchasing an additional 776 shares in the last quarter. Rhumbline Advisers increased its stake in A10 Networks by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 203,054 shares of the communications equipment provider's stock worth $2,812,000 after purchasing an additional 804 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in A10 Networks by 0.5% during the second quarter. Sei Investments Co. now owns 210,111 shares of the communications equipment provider's stock valued at $2,910,000 after buying an additional 987 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ATEN. BWS Financial boosted their price target on shares of A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Finally, Craig Hallum cut A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 target price for the company. in a research report on Friday, November 8th.

A10 Networks Stock Performance

Shares of NYSE ATEN traded up $0.12 during mid-day trading on Friday, reaching $18.52. The company had a trading volume of 3,811,781 shares, compared to its average volume of 733,809. The stock has a fifty day moving average of $16.35 and a two-hundred day moving average of $14.59. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $19.37. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.64 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same period last year, the company earned $0.12 earnings per share. A10 Networks's quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. A10 Networks's dividend payout ratio is currently 35.82%.

Insider Activity at A10 Networks

In other news, EVP Karen S. Thomas sold 6,162 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.81% of the company's stock.

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.