ExodusPoint Capital Management LP Has $1.04 Million Stake in A10 Networks, Inc. (NYSE:ATEN)

ExodusPoint Capital Management LP lessened its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 49.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,710 shares of the communications equipment provider's stock after selling 56,466 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.08% of A10 Networks worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ATEN. Trexquant Investment LP raised its holdings in shares of A10 Networks by 137.3% in the fourth quarter. Trexquant Investment LP now owns 195,560 shares of the communications equipment provider's stock valued at $3,598,000 after buying an additional 113,163 shares during the last quarter. Geode Capital Management LLC lifted its holdings in A10 Networks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock worth $30,868,000 after buying an additional 14,764 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of A10 Networks by 40.0% in the 4th quarter. Franklin Resources Inc. now owns 89,111 shares of the communications equipment provider's stock valued at $1,640,000 after buying an additional 25,447 shares during the period. Wellington Management Group LLP bought a new stake in shares of A10 Networks during the fourth quarter worth $4,236,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in A10 Networks by 298.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock worth $4,544,000 after purchasing an additional 184,962 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

A10 Networks Price Performance

Shares of ATEN traded down $0.26 during mid-day trading on Wednesday, hitting $15.73. 93,783 shares of the company's stock were exchanged, compared to its average volume of 838,951. The company has a 50-day simple moving average of $18.41 and a 200 day simple moving average of $17.56. The company has a market cap of $1.16 billion, a PE ratio of 23.47 and a beta of 1.31. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90.

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

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATEN. Craig Hallum boosted their target price on A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, February 5th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, BWS Financial reiterated a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

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.