Lazard Asset Management LLC Has $2.17 Million Stake in A10 Networks, Inc. (NYSE:ATEN)

Lazard Asset Management LLC lifted its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,788 shares of the communications equipment provider's stock after buying an additional 34,801 shares during the period. Lazard Asset Management LLC owned about 0.16% of A10 Networks worth $2,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in 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 buying an additional 2,000 shares during the last quarter. KBC Group NV increased its position in 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 buying an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in A10 Networks during the fourth quarter worth approximately $161,000. Freestone Grove Partners LP acquired a new position in A10 Networks during the fourth quarter worth approximately $197,000. Finally, Sciencast Management LP acquired a new position in A10 Networks during the fourth quarter worth approximately $198,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ATEN shares. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings downgraded A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday, May 10th. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. 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, Raymond James began coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, A10 Networks currently has an average rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Stock Performance

Shares of ATEN traded down $0.09 during trading hours on Friday, reaching $17.04. The stock had a trading volume of 461,227 shares, compared to its average volume of 869,676. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The stock has a market capitalization of $1.23 billion, a PE ratio of 25.43 and a beta of 1.37. The company's 50-day moving average is $16.58 and its two-hundred day moving average is $17.97.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. A10 Networks's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. Equities analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share 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. Investors of record on Thursday, May 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.41%. A10 Networks's payout ratio is 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.