A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 405,805 shares of the communications equipment provider's stock after selling 14,679 shares during the period. Peregrine Capital Management LLC owned 0.55% of A10 Networks worth $7,467,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its stake in A10 Networks by 3,389.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Copeland Capital Management LLC purchased a new position in A10 Networks in the 3rd quarter valued at approximately $43,000. GAMMA Investing LLC increased its position in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after buying an additional 744 shares in the last quarter. Quantbot Technologies LP raised its position in A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after acquiring an additional 2,762 shares during the last quarter. Finally, KBC Group NV lifted its stake in A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after buying an additional 2,251 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Trading Down 3.9 %

Shares of ATEN traded down $0.82 during mid-day trading on Friday, reaching $20.32. The company had a trading volume of 593,889 shares, compared to its average volume of 717,072. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 30.32 and a beta of 1.14. The firm has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $16.43. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 23.44% and a net margin of 19.16%. As a group, equities analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.06 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.18%. A10 Networks's payout ratio is 35.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ATEN shares. BWS Financial reaffirmed a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. StockNews.com downgraded A10 Networks from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Craig Hallum lifted their price target on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a 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.