Point72 Asset Management L.P. Invests $448,000 in A10 Networks, Inc. (NYSE:ATEN)

Point72 Asset Management L.P. acquired a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,337 shares of the communications equipment provider's stock, valued at approximately $448,000.

A number of other large investors have also recently added to or reduced their stakes in ATEN. MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 2,000 shares in the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 2,251 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in A10 Networks during the fourth quarter worth $161,000. Freestone Grove Partners LP acquired a new position in A10 Networks during the fourth quarter worth $197,000. Finally, Sciencast Management LP acquired a new position in A10 Networks during the fourth quarter worth $198,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Price Performance

Shares of NYSE ATEN traded up $0.42 during mid-day trading on Tuesday, hitting $17.45. The company had a trading volume of 706,721 shares, compared to its average volume of 869,278. The company has a market capitalization of $1.26 billion, a PE ratio of 26.04 and a beta of 1.37. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The business's 50-day simple moving average is $16.56 and its 200 day simple moving average is $18.01.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping 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%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. On average, analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company 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 dividend yield of 1.38%. The ex-dividend date is Thursday, May 15th. A10 Networks's payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ATEN shares. BWS Financial restated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Weiss Ratings cut A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research note on Saturday, May 10th. Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock 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 on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, A10 Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

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.