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

Point72 Asset Management L.P. bought a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,337 shares of the communications equipment provider's stock, valued at approximately $448,000.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after acquiring an additional 106,672 shares during the period. SG Americas Securities LLC increased its position in A10 Networks by 359.3% in the 4th quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock valued at $600,000 after acquiring an additional 25,508 shares during the period. Sawgrass Asset Management LLC acquired a new stake in A10 Networks in the 4th quarter valued at approximately $213,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in A10 Networks by 11.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,280 shares of the communications equipment provider's stock valued at $690,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in A10 Networks by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 404,266 shares of the communications equipment provider's stock valued at $7,438,000 after purchasing an additional 15,178 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the sale, the general counsel now directly owns 61,007 shares in the company, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.15% of the company's stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded down $0.03 during midday trading on Thursday, reaching $17.11. The company had a trading volume of 68,877 shares, compared to its average volume of 865,086. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 25.51 and a beta of 1.37. The company has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $18.00.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating 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 business had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. During the same quarter last year, the company posted $0.17 EPS. A10 Networks's revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. A10 Networks's payout ratio is presently 35.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ATEN. Raymond James began coverage on A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating for the company. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research note on Friday, May 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, May 24th. BWS Financial reaffirmed a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Finally, Wall Street Zen lowered A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.