Thrivent Financial for Lutherans Sells 58,341 Shares of A10 Networks, Inc. (NYSE:ATEN)

Thrivent Financial for Lutherans trimmed its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 50.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 57,043 shares of the communications equipment provider's stock after selling 58,341 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of A10 Networks worth $1,050,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Royce & Associates LP grew its position in shares of A10 Networks by 9.1% during the 4th quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider's stock worth $16,911,000 after buying an additional 76,412 shares during the period. Picton Mahoney Asset Management grew its holdings in A10 Networks by 61.4% during the 4th quarter. Picton Mahoney Asset Management now owns 32,047 shares of the communications equipment provider's stock worth $590,000 after acquiring an additional 12,196 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of A10 Networks by 39.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 345,823 shares of the communications equipment provider's stock valued at $6,363,000 after acquiring an additional 97,332 shares during the last quarter. Haven Private LLC acquired a new position in shares of A10 Networks in the 4th quarter valued at $430,000. Finally, Inceptionr LLC bought a new position in shares of A10 Networks in the 4th quarter worth $426,000. Institutional investors own 98.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded 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 research report on Wednesday, February 5th. Finally, Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a report on Wednesday, February 5th.

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A10 Networks Stock Performance

NYSE:ATEN traded down $1.05 on Thursday, reaching $15.76. The company's stock had a trading volume of 1,297,370 shares, compared to its average volume of 821,979. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The business's 50-day moving average price is $19.33 and its two-hundred day moving average price is $17.46. The firm has a market cap of $1.17 billion, a PE ratio of 23.52 and a beta of 1.17.

A10 Networks (NYSE:ATEN - Get Free Report) last announced its earnings results 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%. As a group, sell-side analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Friday, February 14th. A10 Networks's payout ratio is presently 35.82%.

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.