Meeder Asset Management Inc. Purchases Shares of 9,905 A10 Networks, Inc. (NYSE:ATEN)

Meeder Asset Management Inc. purchased a new stake in shares of A10 Networks, Inc. (NYSE:ATEN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,905 shares of the communications equipment provider’s stock, valued at approximately $137,000.

A number of other hedge funds also recently modified their holdings of ATEN. Vanguard Group Inc. raised its position in shares of A10 Networks by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after acquiring an additional 35,010 shares in the last quarter. First Trust Advisors LP grew its position in shares of A10 Networks by 83.9% during the 4th quarter. First Trust Advisors LP now owns 4,470,999 shares of the communications equipment provider’s stock worth $58,883,000 after buying an additional 2,040,007 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of A10 Networks by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,751,119 shares of the communications equipment provider’s stock valued at $23,063,000 after acquiring an additional 81,908 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of A10 Networks by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,242,792 shares of the communications equipment provider’s stock valued at $17,015,000 after acquiring an additional 34,115 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in A10 Networks by 48.2% during the second quarter. Assenagon Asset Management S.A. now owns 946,894 shares of the communications equipment provider’s stock worth $13,114,000 after acquiring an additional 308,000 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATEN shares. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, July 1st. BWS Financial reaffirmed a “buy” rating and set a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th.

A10 Networks Stock Up 2.3 %

Shares of NYSE:ATEN opened at $13.55 on Friday. The business’s 50 day moving average is $13.38 and its 200 day moving average is $13.84. A10 Networks, Inc. has a 12-month low of $10.03 and a 12-month high of $16.46. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 22.21 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The firm had revenue of $60.10 million for the quarter, compared to the consensus estimate of $64.30 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.06 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.77%. A10 Networks’s dividend payout ratio (DPR) is 39.34%.

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.