18,065 Shares in A10 Networks, Inc. (NYSE:ATEN) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,065 shares of the communications equipment provider’s stock, valued at approximately $295,000.

A number of other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in A10 Networks by 364.8% during the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider’s stock worth $12,580,000 after purchasing an additional 536,600 shares during the period. Barclays PLC raised its stake in A10 Networks by 350.4% during the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider’s stock worth $12,618,000 after purchasing an additional 533,482 shares during the period. Norges Bank purchased a new position in A10 Networks during the fourth quarter worth approximately $7,202,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in A10 Networks by 11.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider’s stock worth $45,632,000 after purchasing an additional 249,145 shares during the period. Finally, Wellington Management Group LLP purchased a new position in A10 Networks during the fourth quarter worth approximately $4,236,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ATEN shares. Wall Street Zen downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Raymond James Financial started coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They set a “market perform” rating on the stock. Craig Hallum raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of A10 Networks in a research note on Saturday, June 14th. Finally, BWS Financial reissued a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Stock Performance

Shares of ATEN stock opened at $18.17 on Friday. The company’s fifty day simple moving average is $17.02 and its 200-day simple moving average is $18.12. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.31 billion, a PE ratio of 27.11 and a beta of 1.38.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The firm had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 15th. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Insider Buying and Selling

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the transaction, the general counsel now directly owns 61,007 shares of the company’s stock, valued at $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by insiders.

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.