A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 63.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,784 shares of the communications equipment provider's stock after selling 468,885 shares during the quarter. Russell Investments Group Ltd. owned 0.37% of A10 Networks worth $5,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ATEN. MassMutual Private Wealth & Trust FSB increased its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its stake in A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after acquiring an additional 744 shares during the period. KBC Group NV grew its position in A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after purchasing an additional 2,251 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in A10 Networks during the fourth quarter valued at $161,000. Finally, Sciencast Management LP purchased a new position in shares of A10 Networks in the fourth quarter worth approximately $198,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Up 0.3 %

Shares of NYSE ATEN traded up $0.04 during trading hours on Friday, reaching $15.72. The stock had a trading volume of 1,840,941 shares, compared to its average volume of 851,593. The business's fifty day moving average price is $18.12 and its two-hundred day moving average price is $17.57. 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 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 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%. Equities research analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.53%. A10 Networks's dividend payout ratio is presently 35.82%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Craig Hallum raised their target price on shares of A10 Networks from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Wednesday, February 5th. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, BWS Financial reissued a "buy" rating and set a $24.00 price objective on shares of A10 Networks 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.