A10 Networks, Inc. $ATEN Holdings Lifted by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 12.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,949,423 shares of the communications equipment provider’s stock after buying an additional 214,778 shares during the period. First Trust Advisors LP’s holdings in A10 Networks were worth $37,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of A10 Networks by 3.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,342 shares of the communications equipment provider’s stock valued at $723,000 after buying an additional 1,141 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of A10 Networks in the second quarter worth $817,000. Segall Bryant & Hamill LLC purchased a new stake in shares of A10 Networks during the second quarter worth $1,266,000. Canada Pension Plan Investment Board boosted its position in A10 Networks by 165.5% during the first quarter. Canada Pension Plan Investment Board now owns 109,400 shares of the communications equipment provider’s stock valued at $1,788,000 after purchasing an additional 68,200 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in A10 Networks by 3.0% during the second quarter. Geode Capital Management LLC now owns 1,783,557 shares of the communications equipment provider’s stock valued at $34,516,000 after purchasing an additional 51,454 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATEN has been the subject of a number of recent research reports. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Stock Up 2.0%

Shares of ATEN stock opened at $18.14 on Wednesday. The stock’s 50 day simple moving average is $17.60 and its 200 day simple moving average is $17.91. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.49 and a current ratio of 3.64. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.68 and a beta of 1.27.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The company had revenue of $74.68 million for the quarter, compared to the consensus estimate of $70.70 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.06 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. A10 Networks’s dividend payout ratio (DPR) is presently 35.29%.

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.