Hsbc Holdings PLC Purchases 63,984 Shares of A10 Networks, Inc. (NYSE:ATEN)

Hsbc Holdings PLC boosted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 471.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,552 shares of the communications equipment provider's stock after buying an additional 63,984 shares during the period. Hsbc Holdings PLC owned about 0.11% of A10 Networks worth $1,438,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ATEN. Dimensional Fund Advisors LP grew its holdings in shares of A10 Networks by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock worth $33,498,000 after purchasing an additional 31,697 shares during the last quarter. Geode Capital Management LLC raised its holdings in A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock worth $30,868,000 after purchasing an additional 14,764 shares during the period. First Trust Advisors LP grew its stake in A10 Networks by 3.2% in the fourth quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock valued at $27,625,000 after acquiring an additional 45,868 shares during the period. Royce & Associates LP raised its holdings in shares of A10 Networks by 9.1% during the fourth quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider's stock worth $16,911,000 after acquiring an additional 76,412 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of A10 Networks by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock valued at $15,017,000 after purchasing an additional 20,537 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Performance

Shares of ATEN stock traded up $0.09 during mid-day trading on Thursday, hitting $17.02. The company's stock had a trading volume of 87,762 shares, compared to its average volume of 864,699. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The company has a market cap of $1.26 billion, a PE ratio of 25.40 and a beta of 1.37. The company's fifty day simple moving average is $16.93 and its 200-day simple moving average is $17.74.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. 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 prior year, the business posted $0.17 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 annualized dividend and a yield of 1.41%. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Analyst Ratings Changes

Several research firms have issued reports on ATEN. Weiss Ratings restated a "buy (b-)" rating on shares of A10 Networks in a research note on Saturday, April 26th. Raymond James started coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a report on Friday, May 2nd. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, BWS Financial reissued a "buy" rating and set a $24.00 target price on shares of A10 Networks in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.