Allspring Global Investments Holdings LLC Trims Holdings in A10 Networks, Inc. (NYSE:ATEN)

Allspring Global Investments Holdings LLC lowered its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 43.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 73,263 shares of the communications equipment provider's stock after selling 56,869 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.10% of A10 Networks worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in shares of A10 Networks by 15.6% during the second quarter. Mackenzie Financial Corp now owns 46,062 shares of the communications equipment provider's stock worth $638,000 after purchasing an additional 6,217 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of A10 Networks by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 7,068,348 shares of the communications equipment provider's stock valued at $93,090,000 after buying an additional 102,501 shares during the period. SG Americas Securities LLC acquired a new position in shares of A10 Networks in the 2nd quarter valued at about $1,201,000. Point72 DIFC Ltd purchased a new stake in shares of A10 Networks in the second quarter worth about $516,000. Finally, Russell Investments Group Ltd. grew its holdings in 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 worth $8,020,000 after acquiring an additional 24,672 shares during the period. Institutional investors and hedge funds own 98.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ATEN shares. BWS Financial restated 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 upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th.

A10 Networks Stock Performance

Shares of A10 Networks stock traded down $0.03 on Friday, hitting $14.62. The company's stock had a trading volume of 335,265 shares, compared to its average volume of 715,556. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.78 and a beta of 1.11. A10 Networks, Inc. has a 1 year low of $10.67 and a 1 year high of $16.46. The firm has a fifty day moving average price of $14.07 and a 200-day moving average price of $14.02.

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

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.