Bridge City Capital LLC Purchases 35,184 Shares of A10 Networks, Inc. (NYSE:ATEN)

Bridge City Capital LLC boosted its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 519,585 shares of the communications equipment provider’s stock after buying an additional 35,184 shares during the period. A10 Networks accounts for approximately 2.5% of Bridge City Capital LLC’s portfolio, making the stock its 4th biggest holding. Bridge City Capital LLC owned about 0.70% of A10 Networks worth $9,560,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 744 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 2,762 shares in the last quarter. KBC Group NV boosted its stake in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after buying an additional 2,251 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks in the fourth quarter valued at approximately $161,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Ratings Changes

ATEN has been the topic of a number of research analyst reports. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Craig Hallum boosted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $17.30 on Friday. The firm has a market capitalization of $1.28 billion, a PE ratio of 25.83 and a beta of 1.17. The business has a 50-day moving average of $19.59 and a two-hundred day moving average of $17.25. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90.

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

A10 Networks Dividend Announcement

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

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.