American Century Companies Inc. Grows Holdings in A10 Networks, Inc. (NYSE:ATEN)

American Century Companies Inc. grew its position in A10 Networks, Inc. (NYSE:ATEN) by 19.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,755 shares of the communications equipment provider’s stock after purchasing an additional 19,910 shares during the quarter. American Century Companies Inc. owned approximately 0.17% of A10 Networks worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATEN. nVerses Capital LLC bought a new position in shares of A10 Networks during the second quarter worth $105,000. Picton Mahoney Asset Management bought a new position in A10 Networks during the second quarter valued at approximately $148,000. ProShare Advisors LLC raised its holdings in shares of 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 acquiring an additional 984 shares in the last quarter. Quest Partners LLC boosted its position in shares of A10 Networks by 14,693.3% during the 2nd quarter. Quest Partners LLC now owns 15,533 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 15,428 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of A10 Networks in the second quarter valued at $224,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Price Performance

A10 Networks stock opened at $14.19 on Monday. A10 Networks, Inc. has a 1-year low of $10.03 and a 1-year high of $16.46. The company’s 50-day moving average is $13.42 and its 200 day moving average is $13.86. The firm has a market capitalization of $1.06 billion, a P/E ratio of 23.26 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The firm had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. A10 Networks’s quarterly revenue was down 8.7% on a year-over-year basis. Research analysts anticipate that A10 Networks, Inc. will post 0.65 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks’s dividend payout ratio (DPR) is 39.34%.

Wall Street Analysts Forecast Growth

ATEN has been the topic of a number of research reports. BWS Financial restated a “buy” rating and issued a $17.00 target price on shares of A10 Networks in a report on Tuesday, July 9th. StockNews.com downgraded 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.