Vanguard Group Inc. Purchases 185,362 Shares of A10 Networks, Inc. (NYSE:ATEN)

Vanguard Group Inc. grew its position in A10 Networks, Inc. (NYSE:ATEN) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,965,847 shares of the communications equipment provider’s stock after acquiring an additional 185,362 shares during the period. Vanguard Group Inc. owned about 9.40% of A10 Networks worth $104,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of A10 Networks by 4.1% in the 2nd quarter. BlackRock Inc. now owns 12,334,273 shares of the communications equipment provider’s stock valued at $179,957,000 after acquiring an additional 485,884 shares during the period. Alliancebernstein L.P. grew its position in shares of A10 Networks by 14.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,772,896 shares of the communications equipment provider’s stock valued at $40,457,000 after acquiring an additional 359,016 shares during the period. State Street Corp grew its position in shares of A10 Networks by 8.5% in the 2nd quarter. State Street Corp now owns 2,564,703 shares of the communications equipment provider’s stock valued at $37,419,000 after acquiring an additional 201,475 shares during the period. Legal & General Group Plc grew its position in shares of A10 Networks by 10.6% in the 2nd quarter. Legal & General Group Plc now owns 2,349,041 shares of the communications equipment provider’s stock valued at $33,780,000 after acquiring an additional 224,926 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of A10 Networks by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,971,858 shares of the communications equipment provider’s stock valued at $27,508,000 after acquiring an additional 148,301 shares during the period. Institutional investors own 98.61% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial lifted their target price on shares of A10 Networks from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th.

A10 Networks Stock Performance

Shares of ATEN stock opened at $13.46 on Friday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 25.40 and a beta of 1.10. The company has a 50-day simple moving average of $13.46 and a 200 day simple moving average of $12.95. A10 Networks, Inc. has a 52 week low of $10.03 and a 52 week high of $15.99.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $70.42 million for the quarter, compared to the consensus estimate of $76.95 million. A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. Sell-side analysts forecast that A10 Networks, Inc. will post 0.66 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 15th. A10 Networks’s dividend payout ratio is currently 45.28%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total value of $804,241.62. Following the completion of the sale, the chief executive officer now owns 495,814 shares of the company’s stock, valued at approximately $6,579,451.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brian Becker sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total value of $193,950.00. Following the completion of the transaction, the chief financial officer now directly owns 34,252 shares in the company, valued at approximately $442,878.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dhrupad Trivedi sold 60,606 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total transaction of $804,241.62. Following the completion of the transaction, the chief executive officer now owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The disclosure for this sale can be found here. Insiders sold 152,828 shares of company stock valued at $2,032,990 in the last quarter. Company insiders own 5.81% of the company’s stock.

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.