Rhumbline Advisers Acquires 804 Shares of A10 Networks, Inc. (NYSE:ATEN)

Rhumbline Advisers raised its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,054 shares of the communications equipment provider’s stock after purchasing an additional 804 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of A10 Networks worth $2,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp lifted its holdings in A10 Networks by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 61,174 shares of the communications equipment provider’s stock worth $837,000 after purchasing an additional 973 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of A10 Networks by 7.4% during the first quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after buying an additional 984 shares in the last quarter. Diversified Trust Co boosted its position in shares of A10 Networks by 10.9% in the second quarter. Diversified Trust Co now owns 19,200 shares of the communications equipment provider’s stock valued at $266,000 after acquiring an additional 1,883 shares during the period. Verity Asset Management Inc. grew its stake in shares of A10 Networks by 2.9% in the first quarter. Verity Asset Management Inc. now owns 73,214 shares of the communications equipment provider’s stock valued at $1,002,000 after acquiring an additional 2,041 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of A10 Networks by 12.9% in the first quarter. Quadrature Capital Ltd now owns 19,961 shares of the communications equipment provider’s stock valued at $273,000 after acquiring an additional 2,286 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, July 1st.

A10 Networks Price Performance

Shares of ATEN opened at $13.81 on Thursday. The business has a 50-day moving average of $13.40 and a 200-day moving average of $13.85. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.64 and a beta of 1.11. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $16.46.

A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The firm had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. During the same quarter last year, the business earned $0.14 EPS. The company’s revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.74%. A10 Networks’s payout ratio is 39.34%.

About A10 Networks

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.