Renaissance Technologies LLC Grows Position in A10 Networks, Inc. (NYSE:ATEN)

Renaissance Technologies LLC lifted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,282,633 shares of the communications equipment provider’s stock after purchasing an additional 135,800 shares during the quarter. Renaissance Technologies LLC owned about 3.07% of A10 Networks worth $31,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of A10 Networks by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after purchasing an additional 35,010 shares during the period. First Trust Advisors LP grew its holdings in shares of A10 Networks by 83.9% during the 4th quarter. First Trust Advisors LP now owns 4,470,999 shares of the communications equipment provider’s stock worth $58,883,000 after purchasing an additional 2,040,007 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of A10 Networks by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock worth $25,191,000 after purchasing an additional 28,150 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in A10 Networks by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,242,792 shares of the communications equipment provider’s stock worth $17,015,000 after acquiring an additional 34,115 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in A10 Networks by 48.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after acquiring an additional 308,000 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Price Performance

ATEN stock opened at $13.98 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 22.92 and a beta of 1.11. The business’s 50-day moving average is $13.40 and its two-hundred day moving average is $13.85. A10 Networks, Inc. has a 1 year low of $10.03 and a 1 year high of $16.46.

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

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks’s dividend payout ratio is currently 39.34%.

Wall Street Analysts Forecast Growth

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

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.