MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,479,989 shares of the communications equipment provider's stock after buying an additional 249,145 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.36% of A10 Networks worth $45,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in ATEN. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after purchasing an additional 744 shares in the last quarter. KBC Group NV raised its position in 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 buying an additional 2,251 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in A10 Networks in the 4th quarter valued at $161,000. Finally, Freestone Grove Partners LP purchased a new stake in A10 Networks in the 4th quarter valued at $197,000. Institutional investors and hedge funds own 98.61% of the company's stock.
A10 Networks Stock Performance
NYSE:ATEN traded up $0.12 during mid-day trading on Friday, reaching $17.63. The stock had a trading volume of 666,265 shares, compared to its average volume of 880,469. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The firm has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $17.88. The stock has a market capitalization of $1.27 billion, a P/E ratio of 26.31 and a beta of 1.37.
A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The firm had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. Research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.
A10 Networks Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.24 annualized dividend and a yield of 1.36%. A10 Networks's payout ratio is 35.82%.
Analysts Set New Price Targets
ATEN has been the subject of several research analyst reports. StockNews.com lowered A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research note on Friday, May 2nd. Raymond James began coverage on A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating for the company. BWS Financial reiterated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Finally, Weiss Ratings downgraded A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday, May 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.00.
Read Our Latest Stock Analysis on A10 Networks
About A10 Networks
(
Free Report)
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.
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