Magnetar Financial LLC Purchases Shares of 12,290 A10 Networks, Inc. (NYSE:ATEN)

Magnetar Financial LLC acquired a new position in shares of A10 Networks, Inc. (NYSE:ATEN) during the fourth quarter, Holdings Channel reports. The fund acquired 12,290 shares of the communications equipment provider’s stock, valued at approximately $226,000.

Several other large investors also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in A10 Networks during the 3rd quarter worth approximately $2,295,000. JPMorgan Chase & Co. raised its position in shares of A10 Networks by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock worth $4,681,000 after purchasing an additional 120,342 shares during the period. Barclays PLC lifted its holdings in shares of A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after purchasing an additional 106,672 shares in the last quarter. Teacher Retirement System of Texas grew its position in A10 Networks by 87.0% in the 4th quarter. Teacher Retirement System of Texas now owns 222,875 shares of the communications equipment provider’s stock valued at $4,101,000 after purchasing an additional 103,673 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in A10 Networks by 39.2% during the 4th 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 in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATEN has been the subject of several recent research reports. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum lifted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

A10 Networks Price Performance

Shares of ATEN stock opened at $17.30 on Monday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 25.83 and a beta of 1.17. The company’s fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $17.28. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS 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%. Equities research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.39%. A10 Networks’s payout ratio is currently 35.82%.

A10 Networks 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.