292,990 Shares in A10 Networks, Inc. (NYSE:ATEN) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 292,990 shares of the communications equipment provider’s stock, valued at approximately $4,058,000. Cubist Systematic Strategies LLC owned 0.40% of A10 Networks at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in shares of A10 Networks in the second quarter valued at about $29,000. nVerses Capital LLC bought a new position in A10 Networks during the second quarter worth about $105,000. Meeder Asset Management Inc. acquired a new stake in A10 Networks in the 2nd quarter worth about $137,000. Picton Mahoney Asset Management bought a new stake in A10 Networks in the 2nd quarter valued at about $148,000. Finally, ProShare Advisors LLC grew its position in shares of A10 Networks by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after purchasing an additional 984 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Up 1.0 %

ATEN opened at $14.19 on Friday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.26 and a beta of 1.11. A10 Networks, Inc. has a twelve month low of $10.03 and a twelve month high of $16.46. The company has a 50-day simple moving average of $13.42 and a 200 day simple moving average of $13.86.

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, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $60.10 million for the quarter, compared to analyst estimates of $64.30 million. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Sell-side analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks’s dividend payout ratio is presently 39.34%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a research note on Tuesday, July 9th.

A10 Networks 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.