Connor Clark & Lunn Investment Management Ltd. Purchases 97,332 Shares of A10 Networks, Inc. (NYSE:ATEN)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 345,823 shares of the communications equipment provider’s stock after buying an additional 97,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.47% of A10 Networks worth $6,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in A10 Networks by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider’s stock valued at $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Barclays PLC increased its stake in shares of A10 Networks by 234.1% in the third 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 in the last quarter. SG Americas Securities LLC raised its holdings in shares of A10 Networks by 359.3% in the fourth 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 during the last quarter. Quest Partners LLC grew its holdings in A10 Networks by 262.1% during the 3rd quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock worth $812,000 after acquiring an additional 40,712 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in A10 Networks by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 41,141 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ATEN shares. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum upped their price objective on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday.

A10 Networks Trading Up 2.8 %

Shares of NYSE ATEN opened at $16.84 on Friday. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The firm’s 50-day moving average is $19.69 and its 200-day moving average is $17.12. The firm has a market capitalization of $1.25 billion, a PE ratio of 25.13 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. A10 Networks’s dividend payout ratio is presently 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.