Canada Pension Plan Investment Board Raises Position in A10 Networks, Inc. (NYSE:ATEN)

Canada Pension Plan Investment Board lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 1,861.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,200 shares of the communications equipment provider's stock after buying an additional 39,100 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of A10 Networks worth $758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ATEN. Geode Capital Management LLC lifted its stake in A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock worth $30,868,000 after purchasing an additional 14,764 shares during the last quarter. Royce & Associates LP increased its stake in A10 Networks by 9.1% in the 4th quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider's stock worth $16,911,000 after purchasing an additional 76,412 shares during the period. Harbor Capital Advisors Inc. lifted its position in A10 Networks by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock valued at $15,017,000 after purchasing an additional 20,537 shares during the last quarter. Barclays PLC boosted its stake in shares of A10 Networks by 350.4% during the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock valued at $12,618,000 after purchasing an additional 533,482 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of A10 Networks by 364.8% in the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock worth $12,580,000 after purchasing an additional 536,600 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Stock Down 1.0 %

Shares of NYSE:ATEN traded down $0.16 during trading on Wednesday, hitting $16.51. The stock had a trading volume of 989,676 shares, compared to its average volume of 865,053. The company has a market capitalization of $1.22 billion, a PE ratio of 24.64 and a beta of 1.31. The firm's fifty day moving average is $17.30 and its 200 day moving average is $17.67. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 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%. Equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 1.45%. A10 Networks's dividend payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

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

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.