Schonfeld Strategic Advisors LLC Has $574,000 Position in A10 Networks, Inc. (NYSE:ATEN)

Schonfeld Strategic Advisors LLC increased its stake in A10 Networks, Inc. (NYSE:ATEN) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,200 shares of the communications equipment provider’s stock after purchasing an additional 1,010 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in A10 Networks were worth $574,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock valued at $2,198,000 after buying an additional 106,672 shares during the last quarter. SG Americas Securities LLC raised its position in shares of A10 Networks by 359.3% in the 4th quarter. SG Americas Securities LLC now owns 32,607 shares of the communications equipment provider’s stock valued at $600,000 after buying an additional 25,508 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in A10 Networks during the fourth quarter worth $213,000. Hennion & Walsh Asset Management Inc. acquired a new stake in A10 Networks in the fourth quarter valued at about $247,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of A10 Networks by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock valued at $4,681,000 after purchasing an additional 120,342 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Price Performance

ATEN opened at $17.16 on Friday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 25.61 and a beta of 1.37. The company has a fifty day moving average price of $16.81 and a 200-day moving average price of $17.77. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. The firm had revenue of $66.14 million for the quarter, compared to the consensus estimate of $63.63 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATEN shares. Craig Hallum upgraded shares of A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, May 2nd. StockNews.com downgraded shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of A10 Networks in a research note on Saturday, April 26th. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Finally, Raymond James assumed coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, A10 Networks has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

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.