230,200 Shares in A10 Networks, Inc. (NYSE:ATEN) Purchased by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 230,200 shares of the communications equipment provider's stock, valued at approximately $4,236,000. Wellington Management Group LLP owned about 0.31% of A10 Networks as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of A10 Networks by 234.1% in the third 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. Sawgrass Asset Management LLC purchased a new stake in A10 Networks in the 4th quarter valued at $213,000. Squarepoint Ops LLC increased its stake in A10 Networks by 363.8% in the fourth quarter. Squarepoint Ops LLC now owns 119,877 shares of the communications equipment provider's stock valued at $2,206,000 after purchasing an additional 94,032 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position 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 buying an additional 3,742 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in A10 Networks by 43.5% in the 4th quarter. Bank of America Corp DE now owns 181,956 shares of the communications equipment provider's stock valued at $3,348,000 after buying an additional 55,134 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATEN shares. Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. 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 reiterated a "hold (c)" rating on shares of A10 Networks in a research report on Saturday, May 31st. Raymond James initiated coverage on A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating for the company. Finally, Craig Hallum raised 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. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Price Performance

NYSE ATEN traded up $0.47 on Friday, reaching $18.26. The company had a trading volume of 788,353 shares, compared to its average volume of 866,088. The firm has a market capitalization of $1.32 billion, a PE ratio of 27.25 and a beta of 1.37. The firm has a 50-day moving average of $16.60 and a 200-day moving average of $18.04. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

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. The business had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The business's revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS. As a group, sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio is currently 35.82%.

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 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 completion of the sale, the general counsel now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.15% of the stock is owned by insiders.

A10 Networks 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.