10,769 Shares in A10 Networks, Inc. (NYSE:ATEN) Bought by Sciencast Management LP

Sciencast Management LP purchased a new position in A10 Networks, Inc. (NYSE:ATEN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,769 shares of the communications equipment provider’s stock, valued at approximately $198,000.

A number of other large investors have also bought and sold shares of the stock. State Street Corp grew its holdings in A10 Networks by 2.0% in the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock worth $45,790,000 after purchasing an additional 62,015 shares during the period. Geode Capital Management LLC grew its holdings in shares of A10 Networks by 5.7% during the third 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 last quarter. Royce & Associates LP grew its holdings in shares of A10 Networks by 9.1% during the fourth quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock valued at $16,911,000 after buying an additional 76,412 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of A10 Networks by 2.6% during the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of A10 Networks by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider’s stock valued at $12,299,000 after buying an additional 17,510 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ATEN shares. BWS Financial reiterated a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum boosted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

A10 Networks Stock Performance

A10 Networks stock opened at $17.30 on Monday. The stock has a market cap of $1.28 billion, a PE 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. The firm’s 50-day simple moving average is $19.59 and its 200 day simple moving average is $17.28.

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, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is presently 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.