Tudor Investment Corp ET AL Raises Stock Position in A10 Networks, Inc. (NYSE:ATEN)

Tudor Investment Corp ET AL boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 299,289 shares of the communications equipment provider's stock after purchasing an additional 17,889 shares during the quarter. Tudor Investment Corp ET AL owned about 0.41% of A10 Networks worth $5,507,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP boosted its stake in shares of A10 Networks by 364.8% during the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock valued at $12,580,000 after purchasing an additional 536,600 shares during the period. Barclays PLC boosted its holdings in A10 Networks by 350.4% in the fourth quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock worth $12,618,000 after acquiring an additional 533,482 shares in the last quarter. Norges Bank purchased a new stake in shares of A10 Networks during the fourth quarter worth about $7,202,000. Wellington Management Group LLP acquired a new position in shares of A10 Networks during the fourth quarter valued at about $4,236,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of A10 Networks by 298.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock valued at $4,544,000 after acquiring an additional 184,962 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

Analyst Ratings Changes

ATEN has been the topic of a number of recent analyst reports. BWS Financial restated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note on Friday. Raymond James started coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research report 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 reiterated a "buy (b-)" rating on shares of A10 Networks in a research report on Saturday, April 26th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.00.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.36 on Tuesday, hitting $16.93. The company's stock had a trading volume of 125,794 shares, compared to its average volume of 861,673. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.27 and a beta of 1.37. The firm has a fifty day moving average price of $17.08 and a 200-day moving average price of $17.75. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks's payout ratio is 35.82%.

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.