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% during the 4th quarter, Holdings Channel reports. The fund owned 7,359,670 shares of the communications equipment provider’s stock after buying an additional 1,724 shares during the period. Vanguard Group Inc. owned about 0.10% of A10 Networks worth $135,418,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of analyst reports. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. BWS Financial reiterated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, Craig Hallum boosted their price objective on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th.

A10 Networks Price Performance

A10 Networks stock opened at $14.90 on Tuesday. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The firm’s 50 day moving average price is $19.09 and its 200-day moving average price is $17.52. The stock has a market cap of $1.10 billion, a P/E ratio of 22.23 and a beta of 1.31.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results 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%. As a group, equities analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

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

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.