Sei Investments Co. Cuts Stake in A10 Networks, Inc. (NYSE:ATEN)

Sei Investments Co. reduced its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,036 shares of the communications equipment provider's stock after selling 24,390 shares during the quarter. Sei Investments Co. owned approximately 0.26% of A10 Networks worth $3,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after acquiring an additional 744 shares in the last quarter. KBC Group NV boosted 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 worth $94,000 after acquiring an additional 2,251 shares during the period. Quantbot Technologies LP grew its position in shares of A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock valued at $82,000 after purchasing an additional 2,762 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of A10 Networks during the 4th quarter valued at $161,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Performance

A10 Networks stock traded down $0.05 during midday trading on Tuesday, hitting $14.87. 1,170,891 shares of the company's stock were exchanged, compared to its average volume of 833,754. The company has a market cap of $1.10 billion, a P/E ratio of 22.19 and a beta of 1.31. The stock has a 50-day moving average price of $18.92 and a two-hundred day moving average price of $17.51. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last issued 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, sell-side analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, February 14th. A10 Networks's payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several analyst reports. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Wednesday, February 5th.

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.