Arrowstreet Capital Limited Partnership Buys 367,901 Shares of A10 Networks, Inc. $ATEN

Arrowstreet Capital Limited Partnership grew its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 39.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,306,664 shares of the communications equipment provider’s stock after buying an additional 367,901 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.81% of A10 Networks worth $25,284,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider’s stock valued at $120,823,000 after purchasing an additional 34,634 shares in the last quarter. Penserra Capital Management LLC raised its holdings in A10 Networks by 56.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock valued at $76,722,000 after acquiring an additional 1,425,792 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in A10 Networks by 8.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,682,442 shares of the communications equipment provider’s stock worth $43,840,000 after purchasing an additional 202,453 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of A10 Networks by 31.4% in the second quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider’s stock worth $41,850,000 after buying an additional 516,872 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in A10 Networks by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock valued at $34,516,000 after purchasing an additional 51,454 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Trading Up 1.0%

NYSE:ATEN opened at $17.76 on Friday. The company has a market cap of $1.27 billion, a PE ratio of 26.12 and a beta of 1.27. The company has a current ratio of 3.64, a quick ratio of 3.49 and a debt-to-equity ratio of 1.06. The company has a 50 day simple moving average of $17.60 and a two-hundred day simple moving average of $17.89. A10 Networks, Inc. has a 12 month low of $13.81 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The business had revenue of $74.68 million during the quarter, compared to the consensus estimate of $70.70 million. During the same period in the previous year, the company posted $0.21 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, November 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ATEN shares. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, A10 Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

About A10 Networks

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.