A10 Networks (NYSE:ATEN) Lowered to Hold Rating by Craig Hallum

Craig Hallum lowered shares of A10 Networks (NYSE:ATEN - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have $16.00 price target on the communications equipment provider's stock.

Separately, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th.

A10 Networks Stock Up 4.8 %

Shares of ATEN traded up $0.74 during midday trading on Friday, hitting $16.20. The company's stock had a trading volume of 961,050 shares, compared to its average volume of 717,241. A10 Networks has a one year low of $11.67 and a one year high of $16.46. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 26.25 and a beta of 1.11. The company's fifty day simple moving average is $14.19 and its two-hundred day simple moving average is $14.08.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.48%. A10 Networks's dividend payout ratio (DPR) is 40.68%.

Institutional Investors Weigh In On A10 Networks

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in A10 Networks by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider's stock valued at $97,245,000 after buying an additional 35,010 shares during the period. Renaissance Technologies LLC increased its stake in shares of A10 Networks by 6.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider's stock valued at $31,614,000 after acquiring an additional 135,800 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of A10 Networks by 18.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider's stock valued at $25,948,000 after acquiring an additional 286,127 shares during the period. Dimensional Fund Advisors LP boosted its stake in A10 Networks by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider's stock worth $25,191,000 after acquiring an additional 28,150 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in A10 Networks by 43,184.1% in the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider's stock worth $23,937,000 after purchasing an additional 1,724,343 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.