A10 Networks, Inc. (NYSE:ATEN) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in A10 Networks, Inc. (NYSE:ATEN) by 112.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,048 shares of the communications equipment provider’s stock after purchasing an additional 29,123 shares during the period. Wells Fargo & Company MN owned about 0.07% of A10 Networks worth $1,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider’s stock worth $30,868,000 after acquiring an additional 14,764 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of A10 Networks by 9.1% in the 4th quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock valued at $16,911,000 after purchasing an additional 76,412 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of A10 Networks by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock valued at $15,017,000 after buying an additional 20,537 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of A10 Networks by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock worth $12,299,000 after buying an additional 17,510 shares during the last quarter. Finally, Bridge City Capital LLC raised its position in shares of A10 Networks by 7.3% in the 4th quarter. Bridge City Capital LLC now owns 519,585 shares of the communications equipment provider’s stock worth $9,560,000 after buying an additional 35,184 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $16.67 on Wednesday. The company has a market cap of $1.23 billion, a P/E ratio of 24.89 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 business’s 50-day simple moving average is $17.38 and its 200 day simple moving average is $17.67.

A10 Networks (NYSE:ATEN) last posted 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 net margin of 19.16% and a return on equity of 23.44%. Analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current 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 given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ATEN shares. Craig Hallum boosted their price target on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of A10 Networks in a research report on Saturday. Finally, Raymond James began coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.