A10 Networks, Inc. $ATEN Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its holdings in A10 Networks, Inc. (NYSE:ATEN) by 12.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949,423 shares of the communications equipment provider’s stock after buying an additional 214,778 shares during the quarter. First Trust Advisors LP owned about 2.70% of A10 Networks worth $37,721,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATEN. Penserra Capital Management LLC boosted its position 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 worth $76,722,000 after acquiring an additional 1,425,792 shares during the period. Wellington Management Group LLP lifted its holdings in A10 Networks by 390.9% in the first quarter. Wellington Management Group LLP now owns 1,130,119 shares of the communications equipment provider’s stock worth $18,466,000 after purchasing an additional 899,919 shares during the period. Legal & General Group Plc grew its position in A10 Networks by 348.6% in the 2nd quarter. Legal & General Group Plc now owns 992,678 shares of the communications equipment provider’s stock valued at $19,208,000 after buying an additional 771,405 shares in the last quarter. Invesco Ltd. grew its position in A10 Networks by 184.7% in the 1st quarter. Invesco Ltd. now owns 1,045,406 shares of the communications equipment provider’s stock valued at $17,082,000 after buying an additional 678,207 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in A10 Networks by 31.4% during the 2nd quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider’s stock valued at $41,850,000 after buying an additional 516,872 shares during the period. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Up 2.0%

Shares of NYSE ATEN opened at $18.14 on Wednesday. The company has a quick ratio of 3.49, a current ratio of 3.64 and a debt-to-equity ratio of 1.06. A10 Networks, Inc. has a 12 month low of $13.81 and a 12 month high of $21.90. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 26.68 and a beta of 1.27. The business has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $17.91.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The firm had revenue of $74.68 million for the quarter, compared to the consensus estimate of $70.70 million. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts predict 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, December 1st. Investors of record on Monday, November 17th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, November 17th. A10 Networks’s dividend payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, October 8th. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.