Connor Clark & Lunn Investment Management Ltd. Buys 45,674 Shares of A10 Networks, Inc. $ATEN

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 21.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 257,610 shares of the communications equipment provider’s stock after purchasing an additional 45,674 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.36% of A10 Networks worth $4,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Penserra Capital Management LLC lifted its position in shares of A10 Networks by 56.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock valued at $76,722,000 after buying an additional 1,425,792 shares in the last quarter. Corton Capital Inc. purchased a new position in A10 Networks during the second quarter valued at approximately $194,000. Verity Asset Management Inc. lifted its holdings in A10 Networks by 8.5% during the second quarter. Verity Asset Management Inc. now owns 88,605 shares of the communications equipment provider’s stock valued at $1,715,000 after purchasing an additional 6,936 shares in the last quarter. Haven Private LLC boosted its position in shares of A10 Networks by 2.9% in the second quarter. Haven Private LLC now owns 43,321 shares of the communications equipment provider’s stock worth $838,000 after purchasing an additional 1,227 shares during the period. Finally, AdvisorShares Investments LLC purchased a new stake in shares of A10 Networks in the second quarter worth $471,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Up 0.0%

Shares of ATEN stock opened at $17.10 on Friday. The company’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $17.89. A10 Networks, Inc. has a 52 week low of $13.81 and a 52 week high of $21.90. The stock has a market cap of $1.23 billion, a P/E ratio of 25.14 and a beta of 1.30. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $70.70 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 17th. A10 Networks’s dividend payout ratio is 35.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, October 8th. Finally, BTIG Research upgraded A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.00.

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.