Royce & Associates LP Acquires 76,412 Shares of A10 Networks, Inc. (NYSE:ATEN)

Royce & Associates LP boosted its holdings in A10 Networks, Inc. (NYSE:ATEN) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 919,068 shares of the communications equipment provider’s stock after purchasing an additional 76,412 shares during the period. Royce & Associates LP’s holdings in A10 Networks were worth $16,911,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in shares of A10 Networks by 61.4% in the 4th quarter. Picton Mahoney Asset Management now owns 32,047 shares of the communications equipment provider’s stock valued at $590,000 after acquiring an additional 12,196 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in A10 Networks by 39.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider’s stock valued at $6,363,000 after purchasing an additional 97,332 shares during the last quarter. Haven Private LLC purchased a new stake in shares of A10 Networks during the fourth quarter valued at approximately $430,000. Inceptionr LLC bought a new position in shares of A10 Networks in the fourth quarter worth approximately $426,000. Finally, Proficio Capital Partners LLC bought a new position in shares of A10 Networks in the fourth quarter worth approximately $325,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Stock Up 2.8 %

NYSE:ATEN opened at $16.84 on Monday. The firm’s fifty day simple moving average is $19.69 and its 200 day simple moving average is $17.14. The stock has a market cap of $1.25 billion, a P/E ratio of 25.13 and a beta of 1.17. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently announced 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 1.43%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum increased their target price 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 raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th.

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.