Marshall Wace LLP Purchases 536,600 Shares of A10 Networks, Inc. (NYSE:ATEN)

Marshall Wace LLP lifted its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 364.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 683,711 shares of the communications equipment provider's stock after acquiring an additional 536,600 shares during the quarter. Marshall Wace LLP owned 0.93% of A10 Networks worth $12,580,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ATEN. MassMutual Private Wealth & Trust FSB grew its position in A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after acquiring an additional 744 shares during the last quarter. KBC Group NV raised its stake in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 2,251 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in A10 Networks in the 4th quarter worth approximately $161,000. Finally, Sciencast Management LP bought a new stake in A10 Networks during the fourth quarter worth approximately $198,000. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded up $0.19 during midday trading on Friday, reaching $16.52. 827,355 shares of the company's stock were exchanged, compared to its average volume of 862,115. The firm has a market capitalization of $1.22 billion, a PE ratio of 24.66 and a beta of 1.31. The company's 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $17.67. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. On average, research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.45%. A10 Networks's dividend payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ATEN shares. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Craig Hallum lifted their price target on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of A10 Networks in a research report on Saturday. Finally, Raymond James started coverage on shares of A10 Networks in a research report on Wednesday. They set a "market perform" rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

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.