A10 Networks, Inc. (NYSE:ATEN) Position Reduced by Summit Partners L P

Summit Partners L P reduced its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 71.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 174,464 shares of the communications equipment provider's stock after selling 431,799 shares during the period. A10 Networks makes up 0.1% of Summit Partners L P's investment portfolio, making the stock its 8th largest holding. Summit Partners L P owned about 0.24% of A10 Networks worth $3,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATEN. State of Alaska Department of Revenue boosted its stake in shares of A10 Networks by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 42,151 shares of the communications equipment provider's stock worth $608,000 after buying an additional 1,060 shares during the period. New York State Teachers Retirement System lifted its position in A10 Networks by 22.0% during the 3rd quarter. New York State Teachers Retirement System now owns 38,179 shares of the communications equipment provider's stock worth $551,000 after acquiring an additional 6,893 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of A10 Networks by 175.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider's stock valued at $11,489,000 after purchasing an additional 506,332 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of A10 Networks by 25.0% in the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider's stock valued at $9,928,000 after purchasing an additional 137,500 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of A10 Networks by 11.8% in the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock valued at $5,618,000 after purchasing an additional 41,141 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Trading Up 0.3 %

Shares of ATEN traded up $0.06 during mid-day trading on Wednesday, hitting $20.18. The company's stock had a trading volume of 551,918 shares, compared to its average volume of 675,590. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The firm has a market capitalization of $1.49 billion, a P/E ratio of 30.12 and a beta of 1.14. The firm has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $16.57.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

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 given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.19%. A10 Networks's payout ratio is currently 35.82%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Craig Hallum lifted 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. Finally, BWS Financial reiterated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note 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.