American Century Companies Inc. Has $3.53 Million Position in A10 Networks, Inc. $ATEN

Key Points

• American Century Companies Inc. increased its stake in A10 Networks, Inc. by 21.7% during the first quarter, owning approximately 0.30% of the company after acquiring an additional 38,539 shares.
• A10 Networks received multiple upgrades from analysts, with BTIG Research setting a target price of $22.00 and a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.06 per share, resulting in an annualized yield of 1.4% for shareholders.

American Century Companies Inc. increased its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 216,241 shares of the communications equipment provider's stock after purchasing an additional 38,539 shares during the quarter. American Century Companies Inc. owned approximately 0.30% of A10 Networks worth $3,533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in A10 Networks in the 1st quarter worth approximately $55,000. Informed Momentum Co LLC acquired a new stake in A10 Networks in the 1st quarter worth approximately $3,314,000. Public Sector Pension Investment Board lifted its holdings in A10 Networks by 27.1% in the 1st quarter. Public Sector Pension Investment Board now owns 233,720 shares of the communications equipment provider's stock worth $3,819,000 after purchasing an additional 49,805 shares during the last quarter. Nuveen LLC acquired a new position in shares of A10 Networks during the first quarter worth approximately $3,262,000. Finally, Virtu Financial LLC acquired a new position in shares of A10 Networks during the first quarter worth approximately $211,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Performance

Shares of ATEN traded up $0.11 on Thursday, reaching $17.72. 165,083 shares of the stock traded hands, compared to its average volume of 944,026. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 26.07 and a beta of 1.37. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. A10 Networks, Inc. has a 12 month low of $12.72 and a 12 month high of $21.90. The stock's 50-day moving average price is $18.26 and its 200-day moving average price is $17.84.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $69.38 million for the quarter, compared to analysts' expectations of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.A10 Networks's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. Equities 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 was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, August 15th. A10 Networks's dividend payout ratio is currently 35.29%.

Insider Transactions at A10 Networks

In other A10 Networks news, CFO Brian Becker sold 6,400 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the transaction, the chief financial officer directly owned 77,599 shares in the company, valued at $1,399,109.97. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATEN. Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price target for the company. Mizuho began coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating for the company. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of A10 Networks in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.