IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 67,268 Shares of A10 Networks, Inc. (NYSE:ATEN)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,035 shares of the communications equipment provider's stock after selling 67,268 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.19% of A10 Networks worth $2,613,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp raised its holdings in A10 Networks by 2.0% during the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider's stock valued at $45,790,000 after buying an additional 62,015 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of A10 Networks by 5.7% during the third quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider's stock valued at $24,010,000 after acquiring an additional 89,175 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of A10 Networks by 9.1% during the fourth quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider's stock worth $16,911,000 after purchasing an additional 76,412 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of A10 Networks by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock worth $15,017,000 after purchasing an additional 20,537 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of A10 Networks by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider's stock worth $12,299,000 after purchasing an additional 17,510 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company's stock.

Remove Ads

A10 Networks Trading Down 2.6 %

A10 Networks stock traded down $0.44 during trading hours on Monday, hitting $16.31. 285,280 shares of the stock traded hands, compared to its average volume of 811,587. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The firm's 50-day moving average price is $19.47 and its two-hundred day moving average price is $17.42. The company has a market cap of $1.21 billion, a PE ratio of 24.36 and a beta of 1.17.

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 for the quarter, beating the consensus estimate 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, sell-side analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks's dividend payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ATEN shares. Craig Hallum increased 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. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th.

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.