BNP Paribas Financial Markets Has $1.79 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

BNP Paribas Financial Markets increased its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 131.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,521 shares of the communications equipment provider's stock after buying an additional 55,314 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.13% of A10 Networks worth $1,794,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Barclays PLC raised its position in shares of A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after purchasing an additional 106,672 shares during the period. Franklin Resources Inc. raised its position in shares of A10 Networks by 3.6% in the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider's stock valued at $937,000 after purchasing an additional 2,187 shares during the period. JPMorgan Chase & Co. raised its position in shares of A10 Networks by 59.0% in the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider's stock valued at $4,681,000 after purchasing an additional 120,342 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of A10 Networks in the fourth quarter valued at about $247,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 98.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATEN. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Raymond James assumed coverage on A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating for the company. BWS Financial reissued a "buy" rating and set a $24.00 target price on shares of A10 Networks in a report on Friday, May 2nd. Craig Hallum raised 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. Finally, Weiss Ratings downgraded A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a report on Saturday, May 10th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. 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 Stock Down 0.5%

Shares of ATEN traded down $0.09 during midday trading on Friday, reaching $17.04. 461,227 shares of the stock were exchanged, compared to its average volume of 869,676. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The company has a market cap of $1.23 billion, a P/E ratio of 25.43 and a beta of 1.37. The stock's 50 day simple moving average is $16.58 and its 200 day simple moving average is $17.97.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The company had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company's revenue was up 8.9% on a year-over-year basis. As a group, analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

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.