Dimensional Fund Advisors LP Purchases 81,908 Shares of A10 Networks, Inc. (NYSE:ATEN)

Dimensional Fund Advisors LP raised its position in A10 Networks, Inc. (NYSE:ATENFree Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,751,119 shares of the communications equipment provider’s stock after buying an additional 81,908 shares during the quarter. Dimensional Fund Advisors LP owned about 2.36% of A10 Networks worth $23,063,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of A10 Networks during the 4th quarter valued at $163,000. Harbor Capital Advisors Inc. raised its stake in shares of A10 Networks by 6.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,373 shares of the communications equipment provider’s stock valued at $176,000 after purchasing an additional 816 shares during the period. Quantbot Technologies LP bought a new stake in shares of A10 Networks during the 3rd quarter valued at $181,000. Gladius Capital Management LP raised its stake in shares of A10 Networks by 20.8% during the 4th quarter. Gladius Capital Management LP now owns 16,138 shares of the communications equipment provider’s stock valued at $213,000 after purchasing an additional 2,782 shares during the period. Finally, Teza Capital Management LLC bought a new stake in shares of A10 Networks during the 3rd quarter valued at $227,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Down 3.0 %

ATEN opened at $14.69 on Tuesday. The stock has a 50-day moving average price of $14.36 and a 200-day moving average price of $13.62. A10 Networks, Inc. has a 12-month low of $10.03 and a 12-month high of $16.46. The stock has a market capitalization of $1.09 billion, a P/E ratio of 24.08 and a beta of 1.15.

A10 Networks (NYSE:ATENGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. A10 Networks had a return on equity of 22.42% and a net margin of 17.96%. The firm had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $59.43 million. During the same period in the prior year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.24 annualized dividend and a yield of 1.63%. A10 Networks’s payout ratio is 39.34%.

Insider Buying and Selling

In related news, Director Peter Y. Chung sold 3,296,047 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the transaction, the director now directly owns 619,166 shares in the company, valued at approximately $9,535,156.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of analyst reports. BWS Financial reiterated a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a research note on Wednesday, May 1st. Craig Hallum upped their target price on A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st.

Check Out Our Latest Research Report on ATEN

About A10 Networks

(Free Report)

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.

See Also

Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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