Acadian Asset Management LLC Makes New Investment in A10 Networks, Inc. (NYSE:ATEN)

Acadian Asset Management LLC acquired a new position in shares of A10 Networks, Inc. (NYSE:ATENGet Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 132,407 shares of the communications equipment provider’s stock, valued at approximately $2,189,000.

A number of other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new stake in A10 Networks during the fourth quarter worth about $543,000. Teacher Retirement System of Texas bought a new stake in shares of A10 Networks during the fourth quarter valued at approximately $190,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of A10 Networks by 277.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 283,839 shares of the communications equipment provider’s stock valued at $4,706,000 after purchasing an additional 208,572 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of A10 Networks by 569.5% during the fourth quarter. Principal Financial Group Inc. now owns 76,382 shares of the communications equipment provider’s stock valued at $1,266,000 after purchasing an additional 64,974 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of A10 Networks by 0.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 258,895 shares of the communications equipment provider’s stock valued at $4,292,000 after purchasing an additional 1,225 shares during the last quarter. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Robert D. Cochran sold 2,453 shares of A10 Networks stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $12.52, for a total value of $30,711.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dhrupad Trivedi sold 21,470 shares of A10 Networks stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $12.52, for a total transaction of $268,804.40. The disclosure for this sale can be found here. Insiders sold a total of 250,785 shares of company stock worth $3,626,063 over the last quarter. Company insiders own 14.22% of the company’s stock.

Shares of ATEN stock opened at $15.81 on Wednesday. The firm’s 50 day moving average price is $14.02 and its two-hundred day moving average price is $14.65. The stock has a market cap of $1.20 billion, a PE ratio of 12.85 and a beta of 0.95. A10 Networks, Inc. has a 52-week low of $9.13 and a 52-week high of $19.05.

A10 Networks (NYSE:ATENGet Rating) last posted its earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. A10 Networks had a net margin of 38.23% and a return on equity of 20.66%. During the same period last year, the firm earned $0.06 EPS. As a group, analysts forecast that A10 Networks, Inc. will post 0.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a $0.05 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.20 annualized dividend and a yield of 1.27%. A10 Networks’s payout ratio is currently 16.26%.

ATEN has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of A10 Networks in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, May 9th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.67.

About A10 Networks (Get Rating)

A10 Networks, Inc provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks.

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Institutional Ownership by Quarter for A10 Networks (NYSE:ATEN)

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