Mackenzie Financial Corp Increases Stake in A10 Networks, Inc. (NYSE:ATEN)

Mackenzie Financial Corp raised its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 58.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,274 shares of the communications equipment provider's stock after purchasing an additional 57,354 shares during the quarter. Mackenzie Financial Corp owned about 0.21% of A10 Networks worth $2,857,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in A10 Networks by 234.1% during the 3rd 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 in the last quarter. SG Americas Securities LLC increased its stake in shares of A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock worth $600,000 after acquiring an additional 25,508 shares during the period. Sawgrass Asset Management LLC acquired a new stake in shares of A10 Networks in the fourth quarter worth $213,000. Squarepoint Ops LLC increased its stake in shares of A10 Networks by 363.8% in the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider's stock worth $2,206,000 after acquiring an additional 94,032 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of A10 Networks by 11.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,280 shares of the communications equipment provider's stock worth $690,000 after acquiring an additional 3,742 shares during the period. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Stock Up 0.6%

Shares of NYSE:ATEN traded up $0.11 during trading on Friday, reaching $17.27. 803,600 shares of the company's stock traded hands, compared to its average volume of 870,388. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The company has a 50-day simple moving average of $16.54 and a 200-day simple moving average of $18.01. The firm has a market cap of $1.24 billion, a PE ratio of 25.78 and a beta of 1.37.

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

A10 Networks Dividend Announcement

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

Analyst Upgrades and Downgrades

ATEN has been the topic of a number of research reports. Wall Street Zen lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Raymond James began coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Saturday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, A10 Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Insider Buying and Selling at A10 Networks

In other news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total value of $43,150.00. Following the transaction, the general counsel now directly owns 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.15% of the company's stock.

About A10 Networks

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.