Boston Trust Walden Corp Purchases Shares of 1,645,924 A10 Networks, Inc. (NYSE:ATEN)

Boston Trust Walden Corp acquired a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,645,924 shares of the communications equipment provider's stock, valued at approximately $26,894,000. Boston Trust Walden Corp owned approximately 2.23% of A10 Networks at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ATEN. Sunbelt Securities Inc. acquired a new stake in shares of A10 Networks during the 4th quarter valued at approximately $50,000. Harvest Fund Management Co. Ltd bought a new stake in A10 Networks during the fourth quarter valued at $161,000. Freestone Grove Partners LP acquired a new stake in shares of A10 Networks during the fourth quarter worth $197,000. Sciencast Management LP acquired a new stake in shares of A10 Networks during the fourth quarter worth $198,000. Finally, iSAM Funds UK Ltd bought a new position in shares of A10 Networks in the 4th quarter worth about $206,000. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

NYSE:ATEN traded down $0.41 during mid-day trading on Friday, hitting $17.77. The stock had a trading volume of 2,106,540 shares, compared to its average volume of 857,869. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11. The company has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $18.13. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.52 and a beta of 1.38. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $66.14 million for the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, research analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of recent research reports. BWS Financial reaffirmed a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, June 14th. Raymond James Financial began coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Insider Transactions at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the sale, the general counsel now directly owns 61,007 shares in the company, valued at approximately $1,052,980.82. The trade was a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.15% of the company's stock.

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.