A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 765,209 shares of the communications equipment provider's stock after buying an additional 36,887 shares during the period. Northern Trust Corp owned approximately 1.04% of A10 Networks worth $14,080,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ATEN. Barclays PLC lifted its position in shares of A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after acquiring an additional 106,672 shares during the period. SG Americas Securities LLC boosted its position in A10 Networks by 359.3% during the 4th quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock worth $600,000 after purchasing an additional 25,508 shares during the period. Sawgrass Asset Management LLC purchased a new stake in A10 Networks during the 4th quarter worth $213,000. Hennion & Walsh Asset Management Inc. purchased a new stake in A10 Networks during the 4th quarter worth $247,000. Finally, JPMorgan Chase & Co. boosted its position in A10 Networks by 59.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider's stock valued at $4,681,000 after buying an additional 120,342 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

Analyst Ratings Changes

ATEN has been the subject of several recent analyst reports. StockNews.com cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Weiss Ratings downgraded shares of A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a report on Saturday, May 10th. BWS Financial restated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Raymond James assumed coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Finally, Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Stock Down 0.7%

A10 Networks stock opened at $17.50 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 26.12 and a beta of 1.37. The company has a 50 day moving average of $16.65 and a 200-day moving average of $17.86. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. Equities analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks's payout ratio is presently 35.82%.

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.

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