First Trust Advisors LP Increases Position in A10 Networks, Inc. (NYSE:ATEN)

First Trust Advisors LP grew its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,501,332 shares of the communications equipment provider's stock after acquiring an additional 45,868 shares during the period. First Trust Advisors LP owned 2.03% of A10 Networks worth $27,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after purchasing an additional 744 shares in the last quarter. KBC Group NV boosted its holdings in shares of A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after purchasing an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of A10 Networks during the fourth quarter valued at about $161,000. Finally, Sciencast Management LP bought a new stake in shares of A10 Networks in the fourth quarter worth about $198,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ATEN. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Weiss Ratings reiterated a "buy (b-)" rating on shares of A10 Networks in a research report on Saturday, April 26th. Craig Hallum boosted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, February 5th. Raymond James started coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating for the company. Finally, BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

A10 Networks Stock Performance

A10 Networks stock traded up $0.11 during mid-day trading on Thursday, hitting $16.59. The company's stock had a trading volume of 109,574 shares, compared to its average volume of 862,144. The company has a 50 day moving average of $17.30 and a 200-day moving average of $17.67. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The stock has a market cap of $1.23 billion, a PE ratio of 24.85 and a beta of 1.31.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping 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%. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.45%. A10 Networks's dividend payout ratio (DPR) is currently 35.82%.

A10 Networks 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.