Legato Capital Management LLC Acquires 10,608 Shares of A10 Networks, Inc. (NYSE:ATEN)

Legato Capital Management LLC grew its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 11.3% during the fourth quarter, Holdings Channel reports. The firm owned 104,693 shares of the communications equipment provider’s stock after purchasing an additional 10,608 shares during the period. Legato Capital Management LLC’s holdings in A10 Networks were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $38,000 after acquiring an additional 2,000 shares during the period. Copeland Capital Management LLC bought a new position in A10 Networks in the 3rd quarter worth $43,000. GAMMA Investing LLC raised its holdings in A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after acquiring an additional 744 shares during the period. Quantbot Technologies LP grew its position in A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares during the last quarter. Finally, KBC Group NV grew its position in A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,251 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $20.64 on Wednesday. The firm’s 50-day simple moving average is $18.85 and its 200-day simple moving average is $15.95. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $20.96. The firm has a market cap of $1.52 billion, a P/E ratio of 30.80 and a beta of 1.14.

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, topping 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, equities analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks’s dividend payout ratio is presently 35.82%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ATEN. Craig Hallum raised their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th.

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.