A10 Networks, Inc. (NYSE:ATEN) Holdings Lifted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 112.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,639 shares of the communications equipment provider's stock after buying an additional 15,189 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in A10 Networks were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATEN. Sunbelt Securities Inc. acquired a new stake in A10 Networks during the fourth quarter valued at approximately $50,000. KBC Group NV increased its holdings in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of A10 Networks during the 4th quarter valued at approximately $161,000. Freestone Grove Partners LP acquired a new stake in shares of A10 Networks during the 4th quarter valued at approximately $197,000. Finally, Sciencast Management LP bought a new position in A10 Networks during the fourth quarter worth $198,000. Institutional investors own 98.61% of the company's stock.

A10 Networks Trading Down 0.1%

A10 Networks stock traded down $0.02 during midday trading on Thursday, reaching $17.93. 526,919 shares of the stock traded hands, compared to its average volume of 863,731. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 26.76 and a beta of 1.38. The firm has a fifty day moving average price of $16.77 and a two-hundred day moving average price of $18.09.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The business's 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 firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATEN. Weiss Ratings reiterated a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, May 31st. Raymond James began coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. BWS Financial reissued a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a report on Friday, May 2nd. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research note on Friday, May 2nd. Finally, Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, A10 Networks has a consensus rating of "Moderate Buy" and an average price target of $22.00.

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel now owns 61,007 shares in the company, valued at $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.