Two Sigma Advisers LP Buys 21,800 Shares of A10 Networks, Inc. (NYSE:ATEN)

Two Sigma Advisers LP lifted its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,300 shares of the communications equipment provider's stock after buying an additional 21,800 shares during the quarter. Two Sigma Advisers LP owned about 0.28% of A10 Networks worth $3,778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP boosted its position in A10 Networks by 364.8% during the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock worth $12,580,000 after purchasing an additional 536,600 shares during the period. Barclays PLC lifted its position in A10 Networks by 350.4% during the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock worth $12,618,000 after purchasing an additional 533,482 shares during the period. Norges Bank bought a new stake in A10 Networks during the fourth quarter worth about $7,202,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in A10 Networks by 11.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider's stock worth $45,632,000 after purchasing an additional 249,145 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of A10 Networks in the fourth quarter worth about $4,236,000. 98.61% of the stock is owned by institutional investors.

Insider Transactions at A10 Networks

In other 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 completion of the sale, the general counsel now owns 61,007 shares of the company's stock, valued at $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.15% of the company's stock.

A10 Networks Trading Up 0.6%

NYSE:ATEN traded up $0.11 on Friday, reaching $17.27. 803,600 shares of the stock traded hands, compared to its average volume of 870,388. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.78 and a beta of 1.37. The company's 50 day moving average is $16.54 and its 200-day moving average is $18.02. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its 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 business had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Analyst Ratings Changes

A number of research firms have recently commented on ATEN. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a report on Friday, May 2nd. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Saturday. Raymond James started coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating for the company. Finally, BWS Financial reaffirmed a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Company 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.