A10 Networks, Inc. (NYSE:ATEN) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 363.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,877 shares of the communications equipment provider's stock after purchasing an additional 94,032 shares during the period. Squarepoint Ops LLC owned 0.16% of A10 Networks worth $2,206,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of A10 Networks by 234.1% during the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock worth $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% during the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock worth $600,000 after purchasing an additional 25,508 shares during the last quarter. KBC Group NV raised 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 during the period. Robeco Institutional Asset Management B.V. raised its stake in A10 Networks by 24.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,699 shares of the communications equipment provider's stock worth $252,000 after purchasing an additional 2,690 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in A10 Networks by 11.2% in 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 during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.11 on Friday, reaching $17.27. The company had a trading volume of 803,600 shares, compared to its average volume of 869,485. The firm's 50 day moving average price is $16.55 and its two-hundred day moving average price is $18.01. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. 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 announced its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) 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 company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

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

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the sale, the general counsel now directly owns 61,007 shares of the company's stock, valued at $1,052,980.82. This represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATEN. Raymond James initiated coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating for the company. BWS Financial reiterated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Friday, May 2nd. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, May 24th. Finally, Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

A10 Networks Company 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.