Barclays PLC Acquires 106,672 Shares of A10 Networks, Inc. (NYSE:ATEN)

Barclays PLC boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 234.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,238 shares of the communications equipment provider’s stock after purchasing an additional 106,672 shares during the quarter. Barclays PLC owned about 0.21% of A10 Networks worth $2,198,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ATEN. State Street Corp grew its holdings in A10 Networks by 2.0% during the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock valued at $45,790,000 after buying an additional 62,015 shares in the last quarter. Renaissance Technologies LLC increased its holdings in A10 Networks by 6.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock valued at $31,614,000 after acquiring an additional 135,800 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in A10 Networks by 18.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after purchasing an additional 286,127 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $25,191,000 after purchasing an additional 28,150 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock valued at $23,937,000 after purchasing an additional 1,724,343 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the completion of the sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ATEN shares. BWS Financial boosted their target price on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Friday, November 8th.

A10 Networks Trading Up 0.5 %

ATEN opened at $18.61 on Thursday. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $19.37. The stock has a 50-day moving average of $16.57 and a 200 day moving average of $14.68. The firm has a market cap of $1.37 billion, a P/E ratio of 27.78 and a beta of 1.16.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. On average, research analysts forecast that A10 Networks, Inc. will post 0.6 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. A10 Networks’s dividend payout ratio (DPR) 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.