Wells Fargo & Company MN Raises Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Wells Fargo & Company MN lifted its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 112.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,048 shares of the communications equipment provider's stock after purchasing an additional 29,123 shares during the period. Wells Fargo & Company MN owned 0.07% of A10 Networks worth $1,013,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

ATEN has been the topic of a number of analyst reports. Raymond James assumed coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of A10 Networks in a research note on Saturday, April 26th. 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. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, BWS Financial restated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Friday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Stock Up 0.7 %

ATEN stock traded up $0.12 during trading on Monday, reaching $16.52. The company's stock had a trading volume of 50,987 shares, compared to its average volume of 1,073,646. The company's fifty day moving average is $17.15 and its 200-day moving average is $17.73. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The company has a market capitalization of $1.22 billion, a P/E ratio of 24.66 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $0.17 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. Analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.24 annualized dividend and a yield of 1.45%. A10 Networks's payout ratio is 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.