State of Wyoming Purchases 15,601 Shares of A10 Networks, Inc. (NYSE:ATEN)

State of Wyoming raised its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 293.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,926 shares of the communications equipment provider's stock after buying an additional 15,601 shares during the period. State of Wyoming's holdings in A10 Networks were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its position in shares of A10 Networks by 2.3% during the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock worth $719,000 after purchasing an additional 879 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of A10 Networks by 3.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider's stock worth $574,000 after purchasing an additional 1,010 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 worth $38,000 after purchasing an additional 2,000 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of A10 Networks by 20.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider's stock worth $224,000 after purchasing an additional 2,104 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of 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 purchasing an additional 2,251 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 0.5%

NYSE ATEN traded down $0.09 during trading hours on Friday, hitting $17.04. The company's stock had a trading volume of 461,227 shares, compared to its average volume of 869,930. The stock has a fifty day moving average of $16.58 and a 200 day moving average of $17.99. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The firm has a market capitalization of $1.23 billion, a P/E ratio of 25.43 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The business had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same period in the prior year, the business posted $0.17 earnings per share. A10 Networks's revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks's payout ratio is presently 35.82%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATEN. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Friday, May 2nd. BWS Financial reiterated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings lowered shares of A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday, May 10th. Raymond James began coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.00.

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.