A10 Networks, Inc. (NYSE:ATEN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 668,430 shares of the communications equipment provider’s stock after purchasing an additional 17,510 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in A10 Networks were worth $12,299,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. 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 worth $45,790,000 after acquiring an additional 62,015 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of A10 Networks by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after buying an additional 89,175 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of A10 Networks by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider’s stock valued at $15,017,000 after buying an additional 20,537 shares during the period. Algert Global LLC boosted its holdings in shares of A10 Networks by 11.4% in the 3rd quarter. Algert Global LLC now owns 455,998 shares of the communications equipment provider’s stock valued at $6,585,000 after buying an additional 46,776 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of A10 Networks by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 404,266 shares of the communications equipment provider’s stock valued at $7,438,000 after buying an additional 15,178 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ATEN. BWS Financial reiterated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, Craig Hallum lifted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th.

A10 Networks Price Performance

A10 Networks stock opened at $17.30 on Friday. The firm’s 50 day simple moving average is $19.59 and its 200-day simple moving average is $17.22. The company has a market cap of $1.28 billion, a P/E ratio of 25.83 and a beta of 1.17. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, February 14th. A10 Networks’s payout ratio is currently 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.