Vanguard Group Inc. Acquires 1,724 Shares of A10 Networks, Inc. (NYSE:ATEN)

Vanguard Group Inc. grew its holdings in A10 Networks, Inc. (NYSE:ATEN) by 0.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,359,670 shares of the communications equipment provider’s stock after buying an additional 1,724 shares during the quarter. Vanguard Group Inc. owned approximately 9.97% of A10 Networks worth $135,418,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bridge City Capital LLC lifted its stake in A10 Networks by 7.3% in the fourth quarter. Bridge City Capital LLC now owns 519,585 shares of the communications equipment provider’s stock worth $9,560,000 after acquiring an additional 35,184 shares during the period. Fox Run Management L.L.C. raised its holdings in A10 Networks by 127.4% in the 4th quarter. Fox Run Management L.L.C. now owns 76,371 shares of the communications equipment provider’s stock worth $1,405,000 after purchasing an additional 42,793 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of A10 Networks in the 4th quarter worth about $1,104,000. American Century Companies Inc. boosted its stake in shares of A10 Networks by 18.4% during the 4th quarter. American Century Companies Inc. now owns 177,702 shares of the communications equipment provider’s stock valued at $3,270,000 after purchasing an additional 27,585 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of A10 Networks by 759.9% during the fourth quarter. Quantbot Technologies LP now owns 48,646 shares of the communications equipment provider’s stock valued at $895,000 after buying an additional 42,989 shares during the period. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Performance

Shares of ATEN stock opened at $14.90 on Tuesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.23 and a beta of 1.31. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The company’s 50-day moving average is $19.09 and its 200 day moving average is $17.52.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, research analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Analyst Upgrades and Downgrades

Several analysts have commented on ATEN shares. BWS Financial restated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum raised their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th.

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.