Robeco Institutional Asset Management B.V. Acquires 2,690 Shares of A10 Networks, Inc. (NYSE:ATEN)

Robeco Institutional Asset Management B.V. lifted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 24.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,699 shares of the communications equipment provider’s stock after buying an additional 2,690 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in A10 Networks were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATEN. Millennium Management LLC bought a new stake in shares of A10 Networks during the 2nd quarter valued at $9,562,000. Harbor Capital Advisors Inc. lifted its position in A10 Networks by 175.0% during the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock valued at $11,489,000 after purchasing an additional 506,332 shares in the last quarter. Weiss Asset Management LP purchased a new position in A10 Networks during the third quarter valued at $2,295,000. Impax Asset Management Group plc raised its stake in shares of A10 Networks by 25.0% in the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock worth $9,928,000 after buying an additional 137,500 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of A10 Networks by 59.0% in the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock worth $4,681,000 after buying an additional 120,342 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Price Performance

Shares of ATEN opened at $20.31 on Wednesday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 30.31 and a beta of 1.14. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $20.49. The business’s 50 day simple moving average is $18.58 and its 200-day simple moving average is $15.76.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. On average, sell-side analysts expect that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Monday, November 18th. A10 Networks’s payout ratio is 35.82%.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares in the company, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ATEN shares. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BWS Financial lifted their target price on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, November 8th.

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.