Arrowstreet Capital Limited Partnership Has $4.54 Million Position in A10 Networks, Inc. (NYSE:ATEN)

Arrowstreet Capital Limited Partnership grew its position in A10 Networks, Inc. (NYSE:ATEN) by 298.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 246,967 shares of the communications equipment provider’s stock after purchasing an additional 184,962 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.33% of A10 Networks worth $4,544,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted 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 valued at $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC grew its position in A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 744 shares during the last quarter. KBC Group NV increased its holdings in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in A10 Networks in the 4th quarter valued at $161,000. Finally, Walleye Capital LLC acquired a new position in A10 Networks in the third quarter worth $179,000. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 0.2 %

ATEN stock opened at $14.90 on Tuesday. The business has a fifty day moving average of $19.09 and a 200-day moving average of $17.52. The company has a market cap of $1.10 billion, a P/E ratio of 22.23 and a beta of 1.31. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio is presently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of research reports. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Craig Hallum boosted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th. Finally, BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th.

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.