A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in A10 Networks, Inc. (NYSE:ATEN) by 43,184.1% in the second quarter, Holdings Channel reports. The fund owned 1,728,336 shares of the communications equipment provider’s stock after purchasing an additional 1,724,343 shares during the period. Pacer Advisors Inc.’s holdings in A10 Networks were worth $23,937,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in A10 Networks by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider’s stock worth $93,090,000 after acquiring an additional 102,501 shares during the period. SG Americas Securities LLC purchased a new stake in A10 Networks in the 2nd quarter valued at about $1,201,000. Dimensional Fund Advisors LP lifted its position in A10 Networks by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,751,119 shares of the communications equipment provider’s stock valued at $23,063,000 after buying an additional 81,908 shares during the last quarter. Aristides Capital LLC boosted its stake in A10 Networks by 55.0% during the fourth quarter. Aristides Capital LLC now owns 31,000 shares of the communications equipment provider’s stock worth $408,000 after buying an additional 11,000 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of A10 Networks by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 24,672 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 0.3 %

Shares of ATEN opened at $14.02 on Monday. A10 Networks, Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $16.46. The company has a market cap of $1.04 billion, a P/E ratio of 22.98 and a beta of 1.11. The firm’s 50 day moving average price is $13.41 and its 200 day moving average price is $13.86.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.29% and a net margin of 17.51%. The company’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Research analysts forecast that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, August 15th. A10 Networks’s payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ATEN. BWS Financial restated a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st.

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.