A10 Networks (NYSE:ATEN) Downgraded by StockNews.com to "Hold"

StockNews.com lowered shares of A10 Networks (NYSE:ATEN - Free Report) from a buy rating to a hold rating in a research report report published on Monday morning.

Several other analysts have also recently weighed in on the company. BWS Financial restated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum boosted their price target on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Wednesday, February 5th.

A10 Networks Trading Down 0.1 %

A10 Networks stock traded down $0.02 during midday trading on Monday, reaching $21.61. The company's stock had a trading volume of 477,710 shares, compared to its average volume of 669,008. A10 Networks has a 52 week low of $12.27 and a 52 week high of $21.90. The business has a 50-day moving average price of $19.05 and a 200-day moving average price of $16.07. The stock has a market cap of $1.59 billion, a PE ratio of 32.25 and a beta of 1.14.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Hedge Funds Weigh In On A10 Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of A10 Networks by 2.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,467,993 shares of the communications equipment provider's stock worth $27,012,000 after acquiring an additional 37,733 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of A10 Networks by 471.6% during the 4th quarter. Hsbc Holdings PLC now owns 77,552 shares of the communications equipment provider's stock worth $1,438,000 after buying an additional 63,984 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of A10 Networks by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 42,803 shares of the communications equipment provider's stock worth $788,000 after buying an additional 2,375 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of A10 Networks by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock worth $33,498,000 after buying an additional 31,697 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of A10 Networks by 3.2% during the 4th quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock worth $27,625,000 after buying an additional 45,868 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

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.