Wellington Management Group LLP Purchases New Position in A10 Networks, Inc. (NYSE:ATEN)

Wellington Management Group LLP bought a new stake in 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 (SEC). The institutional investor bought 230,200 shares of the communications equipment provider's stock, valued at approximately $4,236,000. Wellington Management Group LLP owned about 0.31% of A10 Networks as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of A10 Networks during the 4th quarter valued at about $7,202,000. Arrowstreet Capital Limited Partnership grew its position in A10 Networks by 298.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock valued at $4,544,000 after acquiring an additional 184,962 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of A10 Networks by 47.2% during the fourth quarter. JPMorgan Chase & Co. now owns 477,311 shares of the communications equipment provider's stock worth $8,783,000 after acquiring an additional 153,116 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of A10 Networks by 78.6% during the fourth quarter. Prudential Financial Inc. now owns 272,394 shares of the communications equipment provider's stock worth $5,012,000 after acquiring an additional 119,856 shares in the last quarter. Finally, Barclays PLC lifted its holdings 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 worth $2,198,000 after acquiring an additional 106,672 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Analysts Set New Price Targets

ATEN has been the topic of a number of analyst reports. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Craig Hallum lifted their price objective on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, February 5th. Finally, BWS Financial reissued a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th.

A10 Networks Stock Performance

NYSE:ATEN traded up $0.01 during midday trading on Thursday, reaching $15.69. 192,331 shares of the stock traded hands, compared to its average volume of 841,510. The stock has a market capitalization of $1.16 billion, a P/E ratio of 23.41 and a beta of 1.31. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The company has a fifty day moving average of $18.32 and a 200 day moving average of $17.55.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate 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, analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

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.