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

Price T Rowe Associates Inc. MD raised its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,467,993 shares of the communications equipment provider's stock after purchasing an additional 37,733 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.99% of A10 Networks worth $27,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake 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 buying an additional 744 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of A10 Networks by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock valued at $719,000 after purchasing an additional 879 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in A10 Networks by 20.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider's stock worth $224,000 after purchasing an additional 2,104 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in A10 Networks by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider's stock valued at $937,000 after buying an additional 2,187 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Price Performance

NYSE ATEN traded up $0.25 during trading hours on Tuesday, reaching $16.82. 82,277 shares of the stock traded hands, compared to its average volume of 861,540. The stock has a 50 day simple moving average of $17.08 and a two-hundred day simple moving average of $17.75. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 25.08 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last released 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. The company had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. A10 Networks's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. On average, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, May 15th. A10 Networks's payout ratio is presently 35.82%.

Analyst Ratings Changes

Several equities analysts recently commented on ATEN shares. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a research note on Friday. Raymond James assumed coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of A10 Networks in a report on Saturday, April 26th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, A10 Networks presently has an average rating of "Moderate Buy" and an average price target 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.