Bank of New York Mellon Corp Has $24.80 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

Bank of New York Mellon Corp cut its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,347,776 shares of the communications equipment provider's stock after selling 306,946 shares during the period. Bank of New York Mellon Corp owned 1.83% of A10 Networks worth $24,799,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System increased its holdings in shares of A10 Networks by 22.0% during the third quarter. New York State Teachers Retirement System now owns 38,179 shares of the communications equipment provider's stock worth $551,000 after purchasing an additional 6,893 shares during the period. Principal Financial Group Inc. increased its stake in A10 Networks by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider's stock worth $5,618,000 after acquiring an additional 41,141 shares during the period. Meritage Portfolio Management raised its holdings in A10 Networks by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 33,263 shares of the communications equipment provider's stock valued at $480,000 after acquiring an additional 2,835 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of A10 Networks by 6.2% during the 3rd quarter. GSA Capital Partners LLP now owns 226,115 shares of the communications equipment provider's stock valued at $3,265,000 after acquiring an additional 13,137 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of A10 Networks by 38.5% during the 3rd quarter. Victory Capital Management Inc. now owns 198,801 shares of the communications equipment provider's stock worth $2,871,000 after purchasing an additional 55,302 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ATEN shares. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday. BWS Financial reiterated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum lifted 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.

A10 Networks Stock Down 16.4 %

Shares of ATEN stock traded down $3.22 on Thursday, reaching $16.34. The company had a trading volume of 6,274,071 shares, compared to its average volume of 720,327. The business's 50-day moving average is $19.75 and its 200 day moving average is $17.07. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The stock has a market capitalization of $1.21 billion, a PE ratio of 24.38 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. On average, sell-side analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio (DPR) is currently 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.