Intech Investment Management LLC Purchases Shares of 19,680 A10 Networks, Inc. (NYSE:ATEN)

Intech Investment Management LLC purchased a new stake in A10 Networks, Inc. (NYSE:ATEN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,680 shares of the communications equipment provider’s stock, valued at approximately $284,000.

Several other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted 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 purchasing an additional 135,800 shares during the period. Deprince Race & Zollo Inc. boosted its holdings 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 valued at $25,948,000 after purchasing an additional 286,127 shares during the period. Dimensional Fund Advisors LP lifted 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 acquiring an additional 28,150 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of A10 Networks by 43,184.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after acquiring an additional 1,724,343 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of 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 during the last quarter. 98.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.82% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

A10 Networks Stock Performance

NYSE ATEN opened at $18.02 on Thursday. The company has a market capitalization of $1.33 billion, a P/E ratio of 26.90 and a beta of 1.16. The company has a fifty day moving average of $15.41 and a 200-day moving average of $14.33. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $18.03.

A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. As a group, analysts forecast that A10 Networks, Inc. will post 0.6 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s payout ratio is presently 35.82%.

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.