Wellington Management Group LLP Takes $4.24 Million Position in A10 Networks, Inc. (NYSE:ATEN)

Wellington Management Group LLP purchased a new position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 230,200 shares of the communications equipment provider's stock, valued at approximately $4,236,000. Wellington Management Group LLP owned 0.31% of A10 Networks at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock worth $2,198,000 after purchasing an additional 106,672 shares in the last quarter. KBC Group NV lifted its position in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after acquiring an additional 2,251 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in A10 Networks by 24.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,699 shares of the communications equipment provider's stock worth $252,000 after acquiring an additional 2,690 shares in the last quarter. 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 worth $690,000 after acquiring an additional 3,742 shares during the period. Finally, Meritage Portfolio Management grew its position in A10 Networks by 12.4% in the fourth quarter. Meritage Portfolio Management now owns 37,403 shares of the communications equipment provider's stock valued at $688,000 after acquiring an additional 4,140 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the business's stock in a transaction 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 in the company, valued at $1,052,980.82. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently owned by insiders.

A10 Networks Stock Performance

Shares of ATEN stock traded up $0.47 during mid-day trading on Friday, reaching $18.26. 788,353 shares of the company were exchanged, compared to its average volume of 867,496. The business's 50 day simple moving average is $16.63 and its 200 day simple moving average is $18.07. The company has a market capitalization of $1.32 billion, a P/E ratio of 27.25 and a beta of 1.38. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. On average, analysts forecast 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 was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, May 15th. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

A number of research 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 report on Thursday, May 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of A10 Networks in a report on Saturday, May 31st. Raymond James initiated coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They issued 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 target price on the stock in a research report on Friday, May 2nd. Finally, BWS Financial reiterated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, A10 Networks presently has an average rating of "Moderate Buy" and a consensus 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.