Price T Rowe Associates Inc. MD Purchases 37,733 Shares of A10 Networks, Inc. (NYSE:ATEN)

Price T Rowe Associates Inc. MD increased its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,467,993 shares of the communications equipment provider's stock after acquiring an additional 37,733 shares during the period. Price T Rowe Associates Inc. MD owned about 1.99% of A10 Networks worth $27,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings 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 acquiring an additional 106,672 shares during the period. SG Americas Securities LLC raised its holdings in shares of A10 Networks by 359.3% during the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider's stock worth $600,000 after acquiring an additional 25,508 shares during the period. Principal Financial Group Inc. raised its holdings in shares of A10 Networks by 11.8% during the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock worth $5,618,000 after acquiring an additional 41,141 shares during the period. Sawgrass Asset Management LLC acquired a new stake in shares of A10 Networks during the fourth quarter worth $213,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of A10 Networks during the fourth quarter worth $247,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Stock Down 1.0 %

ATEN opened at $16.51 on Thursday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 24.64 and a beta of 1.31. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The business has a 50 day moving average of $17.30 and a 200-day moving average of $17.67.

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

A10 Networks Announces Dividend

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

Analyst Ratings Changes

ATEN has been the topic of several recent research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of A10 Networks in a research note on Saturday, April 26th. Raymond James assumed coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum increased their price target on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, A10 Networks has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

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.

Want to see what other hedge funds are holding ATEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for A10 Networks, Inc. (NYSE:ATEN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.