A10 Networks, Inc. (NYSE:ATEN) Shares Bought by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 2,925.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,666 shares of the communications equipment provider's stock after purchasing an additional 136,016 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.19% of A10 Networks worth $2,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of A10 Networks by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock valued at $33,498,000 after purchasing an additional 31,697 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of A10 Networks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock valued at $30,868,000 after purchasing an additional 14,764 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of A10 Networks by 3.2% during the 4th quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock valued at $27,625,000 after purchasing an additional 45,868 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of A10 Networks by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,467,993 shares of the communications equipment provider's stock valued at $27,012,000 after purchasing an additional 37,733 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of A10 Networks by 9.1% during 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. Hedge funds and other institutional investors own 98.61% of the company's stock.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of research reports. BWS Financial reaffirmed a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings cut A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday. StockNews.com cut A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research report on Friday, May 2nd. Finally, Raymond James initiated coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, A10 Networks currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

A10 Networks Trading Down 1.6%

ATEN traded down $0.28 during midday trading on Wednesday, hitting $17.64. 814,991 shares of the company were exchanged, compared to its average volume of 877,892. The company's 50 day simple moving average is $16.72 and its 200 day simple moving average is $17.84. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 26.33 and a beta of 1.37. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The company had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. During the same period last year, the firm earned $0.17 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is presently 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.