Legal & General Group Plc Trims Stake in A10 Networks, Inc. (NYSE:ATEN)

Legal & General Group Plc trimmed its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,812 shares of the communications equipment provider's stock after selling 41,602 shares during the period. Legal & General Group Plc owned approximately 1.38% of A10 Networks worth $18,709,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after buying an additional 744 shares during the last quarter. KBC Group NV grew its holdings in shares of A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 2,251 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of A10 Networks during the fourth quarter valued at approximately $161,000. Finally, Sciencast Management LP bought a new stake in A10 Networks during the fourth quarter worth $198,000. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Up 0.3 %

A10 Networks stock traded up $0.04 during midday trading on Friday, reaching $15.72. The stock had a trading volume of 1,840,941 shares, compared to its average volume of 851,593. The firm has a market capitalization of $1.16 billion, a PE ratio of 23.46 and a beta of 1.31. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The firm's 50-day moving average price is $18.12 and its 200 day moving average price is $17.57.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly 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 net margin of 19.16% and a return on equity of 23.44%. Equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATEN. Craig Hallum raised their target price on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday, February 5th. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, BWS Financial reissued a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Wednesday, February 5th.

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.