A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,740 shares of the communications equipment provider's stock after selling 27,061 shares during the quarter. Victory Capital Management Inc. owned approximately 0.23% of A10 Networks worth $3,160,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in A10 Networks by 2.0% in the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider's stock worth $45,790,000 after acquiring an additional 62,015 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of A10 Networks by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,662,442 shares of the communications equipment provider's stock valued at $24,010,000 after purchasing an additional 89,175 shares in the last quarter. Royce & Associates LP lifted its position in shares of A10 Networks by 12.7% during the 3rd quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider's stock worth $12,168,000 after purchasing an additional 94,710 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of A10 Networks by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock worth $15,017,000 after purchasing an additional 20,537 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in A10 Networks by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,430 shares of the communications equipment provider's stock valued at $12,299,000 after buying an additional 17,510 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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A10 Networks Trading Down 1.7 %

NYSE:ATEN traded down $0.30 during midday trading on Thursday, hitting $17.45. 1,285,301 shares of the company were exchanged, compared to its average volume of 729,182. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The company has a market capitalization of $1.29 billion, a PE ratio of 26.13 and a beta of 1.17. The company has a fifty day simple moving average of $19.63 and a 200 day simple moving average of $17.20.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

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. This represents a $0.24 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, February 14th. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the topic of a number of analyst reports. BWS Financial restated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Craig Hallum upped their price target on A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating 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.