Picton Mahoney Asset Management Increases Position in A10 Networks, Inc. (NYSE:ATEN)

Picton Mahoney Asset Management boosted its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 61.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,047 shares of the communications equipment provider’s stock after acquiring an additional 12,196 shares during the period. Picton Mahoney Asset Management’s holdings in A10 Networks were worth $590,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in A10 Networks by 39.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider’s stock valued at $6,363,000 after acquiring an additional 97,332 shares in the last quarter. Haven Private LLC acquired a new position in A10 Networks in the 4th quarter valued at about $430,000. Inceptionr LLC acquired a new position in A10 Networks in the 4th quarter valued at about $426,000. Proficio Capital Partners LLC acquired a new position in A10 Networks in the 4th quarter valued at about $325,000. Finally, Seizert Capital Partners LLC boosted its holdings in A10 Networks by 52.2% in the 4th quarter. Seizert Capital Partners LLC now owns 21,288 shares of the communications equipment provider’s stock valued at $392,000 after purchasing an additional 7,301 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ATEN shares. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Finally, Craig Hallum boosted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th.

A10 Networks Stock Performance

Shares of ATEN stock opened at $16.84 on Friday. The firm’s 50 day moving average price is $19.69 and its 200-day moving average price is $17.12. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The firm has a market cap of $1.25 billion, a P/E ratio of 25.13 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping 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, research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 1.43%. The ex-dividend date was Friday, February 14th. A10 Networks’s payout ratio is currently 35.82%.

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.