A10 Networks, Inc. (NYSE:ATEN) Position Boosted by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in A10 Networks, Inc. (NYSE:ATEN) by 2,925.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 140,666 shares of the communications equipment provider’s stock after buying an additional 136,016 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in A10 Networks were worth $2,588,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its position in A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC boosted its position in A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 744 shares during the last quarter. KBC Group NV grew its stake in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in A10 Networks in the 4th quarter worth about $161,000. Finally, Freestone Grove Partners LP acquired a new position in A10 Networks in the 4th quarter worth about $197,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Trading Up 1.5 %

NYSE:ATEN opened at $17.16 on Friday. The firm has a market capitalization of $1.27 billion, a PE ratio of 25.61 and a beta of 1.37. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The firm’s fifty day simple moving average is $16.81 and its 200 day simple moving average is $17.79.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $66.14 million during the quarter, compared to analysts’ expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. As a group, analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. A10 Networks’s payout ratio is 35.82%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATEN. StockNews.com cut A10 Networks from a “buy” rating to a “hold” rating in a research note on Thursday. Craig Hallum raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, May 2nd. BWS Financial restated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Raymond James assumed coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a “market perform” rating for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of A10 Networks in a research report on Saturday, April 26th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

A10 Networks Company 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.