Assenagon Asset Management S.A. Lowers Position in A10 Networks, Inc. (NYSE:ATEN)

Assenagon Asset Management S.A. trimmed its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,261 shares of the communications equipment provider's stock after selling 115,633 shares during the quarter. Assenagon Asset Management S.A. owned about 1.12% of A10 Networks worth $12,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Mackenzie Financial Corp grew its stake in shares of A10 Networks by 15.6% in the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock worth $638,000 after acquiring an additional 6,217 shares during the last quarter. Vanguard Group Inc. raised its holdings in A10 Networks by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider's stock worth $93,090,000 after buying an additional 102,501 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of A10 Networks in the second quarter worth approximately $1,201,000. Point72 DIFC Ltd purchased a new stake in shares of A10 Networks during the second quarter valued at approximately $516,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of A10 Networks by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 585,827 shares of the communications equipment provider's stock valued at $8,020,000 after buying an additional 24,672 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ATEN shares. BWS Financial reaffirmed a "buy" rating and issued a $17.00 price objective on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

A10 Networks Price Performance

A10 Networks stock traded up $0.06 during midday trading on Monday, reaching $14.56. 228,175 shares of the company traded hands, compared to its average volume of 722,938. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.05 and a beta of 1.11. The business has a 50 day moving average of $13.94 and a two-hundred day moving average of $13.98. A10 Networks, Inc. has a 12 month low of $10.55 and a 12 month high of $16.46.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The firm had revenue of $60.10 million for the quarter, compared to analysts' expectations of $64.30 million. During the same period in the prior year, the firm earned $0.14 EPS. The company's revenue was down 8.7% compared to the same quarter last year. As a group, equities analysts forecast that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks's payout ratio is currently 39.34%.

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.