Rhumbline Advisers Buys 804 Shares of A10 Networks, Inc. (NYSE:ATEN)

Rhumbline Advisers raised its stake in A10 Networks, Inc. (NYSE:ATEN) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,054 shares of the communications equipment provider’s stock after purchasing an additional 804 shares during the period. Rhumbline Advisers’ holdings in A10 Networks were worth $2,812,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ATEN. nVerses Capital LLC bought a new stake in shares of A10 Networks during the second quarter worth about $105,000. Picton Mahoney Asset Management acquired a new position in A10 Networks during the 2nd quarter valued at about $148,000. ProShare Advisors LLC increased its holdings in A10 Networks by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,226 shares of the communications equipment provider’s stock worth $195,000 after purchasing an additional 984 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of A10 Networks in the fourth quarter worth approximately $233,000. Finally, Diversified Trust Co lifted its holdings in shares of A10 Networks by 10.9% in the second quarter. Diversified Trust Co now owns 19,200 shares of the communications equipment provider’s stock valued at $266,000 after purchasing an additional 1,883 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Ratings Changes

ATEN has been the topic of a number of analyst reports. BWS Financial reaffirmed a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 1st.

A10 Networks Stock Performance

Shares of ATEN stock opened at $13.81 on Thursday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 22.64 and a beta of 1.11. A10 Networks, Inc. has a 52 week low of $10.03 and a 52 week high of $16.46. The firm’s 50-day simple moving average is $13.40 and its two-hundred day simple moving average is $13.85.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $60.10 million during 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%. A10 Networks’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. Analysts forecast that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks’s dividend payout ratio is currently 39.34%.

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.