A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in A10 Networks, Inc. (NYSE:ATEN) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,677,206 shares of the communications equipment provider’s stock after buying an additional 14,764 shares during the quarter. Geode Capital Management LLC’s holdings in A10 Networks were worth $30,868,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after purchasing an additional 106,672 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of A10 Networks by 359.3% in the fourth quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock worth $600,000 after buying an additional 25,508 shares in the last quarter. Principal Financial Group Inc. boosted its position in 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 last quarter. Sawgrass Asset Management LLC purchased a new stake in A10 Networks during the 4th quarter valued at about $213,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in A10 Networks in the 4th quarter valued at about $247,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

A10 Networks Stock Down 1.9 %

ATEN opened at $15.67 on Thursday. The company has a market cap of $1.16 billion, a PE ratio of 23.39 and a beta of 1.31. The business has a 50 day moving average price of $18.32 and a two-hundred day moving average price of $17.55. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data 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, sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. A10 Networks’s dividend payout ratio is presently 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.