Allspring Global Investments Holdings LLC Sells 15,769 Shares of A10 Networks, Inc. (NYSE:ATEN)

Allspring Global Investments Holdings LLC reduced its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 21.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,494 shares of the communications equipment provider's stock after selling 15,769 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of A10 Networks worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of A10 Networks by 43.5% in the 4th 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 during the last quarter. Martingale Asset Management L P raised its holdings in shares of 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 valued at $1,459,000 after acquiring an additional 770 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in A10 Networks by 1.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider's stock worth $789,000 after acquiring an additional 814 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of A10 Networks by 2.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,151 shares of the communications equipment provider's stock valued at $608,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of A10 Networks by 0.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,491 shares of the communications equipment provider's stock worth $3,588,000 after acquiring an additional 1,413 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Price Performance

Shares of ATEN stock traded up $0.27 during trading hours on Thursday, reaching $20.46. 1,631,118 shares of the company traded hands, compared to its average volume of 700,774. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The company has a market cap of $1.51 billion, a P/E ratio of 30.53 and a beta of 1.14. The firm has a 50-day moving average price of $19.46 and a 200 day moving average price of $16.59.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. Sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the subject of several recent research reports. Craig Hallum lifted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, February 5th. BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

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.