A10 Networks, Inc. (NYSE:ATEN) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,500 shares of the communications equipment provider's stock after selling 22,900 shares during the quarter. LSV Asset Management owned 0.12% of A10 Networks worth $1,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Polymer Capital Management US LLC purchased a new stake in shares of A10 Networks in the fourth quarter valued at about $210,000. Wells Fargo & Company MN lifted its stake in A10 Networks by 112.3% in the 4th quarter. Wells Fargo & Company MN now owns 55,048 shares of the communications equipment provider's stock valued at $1,013,000 after buying an additional 29,123 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in A10 Networks during the 4th quarter valued at $1,115,000. Trexquant Investment LP increased its position in A10 Networks by 137.3% during the fourth quarter. Trexquant Investment LP now owns 195,560 shares of the communications equipment provider's stock worth $3,598,000 after buying an additional 113,163 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock valued at $30,868,000 after acquiring an additional 14,764 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded up $0.04 during trading on Friday, reaching $15.72. 1,840,941 shares of the stock were exchanged, compared to its average volume of 852,573. The firm's 50-day moving average price is $18.12 and its 200 day moving average price is $17.62. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 23.46 and a beta of 1.31. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed 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 1.53%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio is presently 35.82%.

Analysts Set New Price Targets

A number of research firms have issued reports on ATEN. StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. BWS Financial reiterated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Finally, Craig Hallum upped 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.

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.