A10 Networks, Inc. $ATEN Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its ownership of A10 Networks to 10.00%, holding 7,394,304 shares valued at approximately $120.8 million after acquiring an additional 34,634 shares in Q1.
• Multiple institutional investors are actively investing in A10 Networks, with 98.61% of the stock owned by hedge funds and other institutional entities.
• A10 Networks has announced a quarterly dividend of $0.06 per share, translating to an annualized dividend of $0.24 and a yield of 1.4% for shareholders.

Vanguard Group Inc. boosted its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,394,304 shares of the communications equipment provider's stock after acquiring an additional 34,634 shares during the quarter. Vanguard Group Inc. owned about 10.00% of A10 Networks worth $120,823,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of A10 Networks by 112.3% in the fourth quarter. Wells Fargo & Company MN now owns 55,048 shares of the communications equipment provider's stock valued at $1,013,000 after purchasing an additional 29,123 shares during the period. Canada Pension Plan Investment Board lifted its holdings in A10 Networks by 1,861.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 41,200 shares of the communications equipment provider's stock worth $758,000 after buying an additional 39,100 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in A10 Networks by 3.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 99,862 shares of the communications equipment provider's stock valued at $1,837,000 after buying an additional 3,541 shares during the last quarter. First Trust Advisors LP boosted its position in A10 Networks by 3.2% in the 4th quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock valued at $27,625,000 after buying an additional 45,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of A10 Networks by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock valued at $33,498,000 after acquiring an additional 31,697 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

Shares of ATEN stock traded up $0.4060 on Friday, hitting $17.3960. 568,457 shares of the stock traded hands, compared to its average volume of 802,609. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 4.04. A10 Networks, Inc. has a 1-year low of $12.72 and a 1-year high of $21.90. The company's fifty day moving average is $18.38 and its 200 day moving average is $18.00. The company has a market capitalization of $1.26 billion, a PE ratio of 25.58 and a beta of 1.35.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $69.38 million for the quarter, compared to analysts' expectations of $65.99 million. A10 Networks had a net margin of 18.45% and a return on equity of 25.46%. The firm's revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. On average, equities research analysts predict 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 Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. A10 Networks's payout ratio is currently 35.29%.

Analyst Ratings Changes

Several research analysts recently commented on ATEN shares. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research report on Friday, June 27th. They issued a "buy" rating and a $22.00 target price on the stock. Wall Street Zen raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Weiss Ratings restated a "hold (c+)" rating on shares of A10 Networks in a research note on Saturday, August 16th. Finally, Mizuho began coverage on shares of A10 Networks in a research note on Monday, July 14th. They set a "neutral" rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.00.

Insiders Place Their Bets

In other news, CFO Brian Becker sold 6,400 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total transaction of $115,392.00. Following the completion of the transaction, the chief financial officer owned 77,599 shares of the company's stock, valued at approximately $1,399,109.97. The trade was a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Robert Scott Weber sold 2,500 shares of the company'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 transaction, the general counsel owned 61,007 shares of the company's stock, valued at $1,052,980.82. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

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.