US Bancorp DE Sells 26,980 Shares of A10 Networks, Inc. (NYSE:ATEN)

US Bancorp DE reduced its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,683 shares of the communications equipment provider's stock after selling 26,980 shares during the period. US Bancorp DE's holdings in A10 Networks were worth $528,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATEN. MassMutual Private Wealth & Trust FSB increased its holdings 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 worth $38,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after buying an additional 744 shares in the last quarter. KBC Group NV increased its holdings in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after buying an additional 2,251 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider's stock worth $82,000 after buying an additional 2,762 shares in the last quarter. Finally, Sawgrass Asset Management LLC acquired a new position in shares of A10 Networks during the fourth quarter worth $213,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

A10 Networks Trading Up 2.8 %

Shares of ATEN traded up $0.46 on Friday, reaching $16.84. The company's stock had a trading volume of 2,838,102 shares, compared to its average volume of 704,235. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The stock has a market capitalization of $1.25 billion, a PE ratio of 25.13 and a beta of 1.17. The firm has a fifty day moving average of $19.69 and a 200-day moving average of $17.12.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.43%. A10 Networks's dividend payout ratio (DPR) is 35.82%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday. BWS Financial reaffirmed a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum upped 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.

A10 Networks 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.