A10 Networks, Inc. (NYSE:ATEN) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC boosted its position in A10 Networks, Inc. (NYSE:ATEN) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,693 shares of the communications equipment provider’s stock after buying an additional 10,608 shares during the quarter. Legato Capital Management LLC owned 0.14% of A10 Networks worth $1,926,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 744 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks in the 3rd quarter valued at about $43,000. KBC Group NV raised its stake in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 2,762 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday.

A10 Networks Price Performance

ATEN stock opened at $20.64 on Wednesday. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $20.96. The firm has a market cap of $1.52 billion, a PE ratio of 30.80 and a beta of 1.14. The firm has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $15.95.

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

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

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.