A10 Networks, Inc. (NYSE:ATEN) Stock Holdings Trimmed by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,004 shares of the communications equipment provider's stock after selling 15,060 shares during the period. Wedge Capital Management L L P NC owned 0.11% of A10 Networks worth $1,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Guidance Capital Inc. increased its stake in shares of A10 Networks by 2.0% during the 3rd quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider's stock valued at $530,000 after acquiring an additional 718 shares during the last quarter. GAMMA Investing LLC increased its position in 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 purchasing an additional 744 shares during the last quarter. Martingale Asset Management L P raised its stake in A10 Networks by 0.8% during the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider's stock worth $1,459,000 after purchasing an additional 770 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of A10 Networks by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider's stock valued at $377,000 after purchasing an additional 776 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of A10 Networks by 1.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider's stock valued at $789,000 after buying an additional 814 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ATEN shares. BWS Financial lifted their target price on A10 Networks from $17.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Craig Hallum cut A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 target price for the company. in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares in the company, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.82% of the stock is currently owned by insiders.

A10 Networks Trading Up 0.2 %

NYSE:ATEN traded up $0.04 during mid-day trading on Tuesday, hitting $19.00. The company had a trading volume of 298,797 shares, compared to its average volume of 580,429. The business has a fifty day simple moving average of $17.96 and a 200-day simple moving average of $15.32. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.36 and a beta of 1.14. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $19.37.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $66.72 million for the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company's revenue was up 15.5% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. As a group, research analysts anticipate that A10 Networks, Inc. will post 0.6 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

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.