Impax Asset Management Group plc Trims Position in A10 Networks, Inc. (NYSE:ATEN)

Impax Asset Management Group plc reduced its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 587,500 shares of the communications equipment provider's stock after selling 100,000 shares during the quarter. Impax Asset Management Group plc owned about 0.80% of A10 Networks worth $10,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its stake in A10 Networks by 175.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider's stock valued at $11,489,000 after purchasing an additional 506,332 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of A10 Networks during the third quarter valued at approximately $2,295,000. JPMorgan Chase & Co. increased its position in shares of A10 Networks by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider's stock valued at $4,681,000 after acquiring an additional 120,342 shares in the last quarter. Barclays PLC increased its position in shares of A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after acquiring an additional 106,672 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in A10 Networks by 12.7% in the 3rd quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider's stock worth $12,168,000 after acquiring an additional 94,710 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

A10 Networks Trading Up 1.7 %

ATEN stock traded up $0.35 on Friday, hitting $20.80. The company had a trading volume of 2,399,797 shares, compared to its average volume of 744,338. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 31.05 and a beta of 1.14. The stock's 50-day simple moving average is $19.50 and its 200 day simple moving average is $16.62.

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 (EPS) for the quarter, topping 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%. Research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 1.15%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks's payout ratio is currently 35.82%.

Analyst Ratings Changes

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

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.