Wells Fargo & Company MN Buys 29,123 Shares of A10 Networks, Inc. (NYSE:ATEN)

Wells Fargo & Company MN grew its holdings 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 SEC. The institutional investor owned 55,048 shares of the communications equipment provider's stock after purchasing an additional 29,123 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of A10 Networks worth $1,013,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATEN. GAMMA Investing LLC raised its stake in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after buying an additional 744 shares during the period. New York State Teachers Retirement System grew its holdings in shares of A10 Networks by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock valued at $719,000 after purchasing an additional 879 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of A10 Networks by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider's stock valued at $224,000 after purchasing an additional 2,104 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in A10 Networks by 3.6% during the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider's stock worth $937,000 after purchasing an additional 2,187 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 several analyst reports. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research note on Friday. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Friday. Raymond James assumed coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of A10 Networks in a report on Saturday, April 26th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, A10 Networks currently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Trading Down 0.5 %

NYSE ATEN traded down $0.09 on Friday, hitting $16.37. 2,105,293 shares of the company were exchanged, compared to its average volume of 864,086. The firm has a 50 day moving average of $17.23 and a two-hundred day moving average of $17.68. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The company has a market cap of $1.21 billion, a P/E ratio of 24.43 and a beta of 1.31.

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 company had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. A10 Networks's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. Research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, May 15th. A10 Networks's dividend payout ratio is presently 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.