A10 Networks (NYSE:ATEN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of A10 Networks (NYSE:ATEN) from a buy rating to a hold rating in a report published on Tuesday morning.

Other equities research analysts also recently issued reports about the stock. Craig Hallum raised their price target on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. BWS Financial reiterated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Trading Down 4.0 %

NYSE ATEN opened at $19.65 on Tuesday. The firm’s fifty day moving average price is $19.67 and its two-hundred day moving average price is $16.87. A10 Networks has a 1 year low of $12.27 and a 1 year high of $21.90. The firm has a market capitalization of $1.45 billion, a P/E ratio of 29.32 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last released its quarterly 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 net margin of 19.16% and a return on equity of 23.44%. On average, research analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Hedge Funds Weigh In On A10 Networks

Several institutional investors have recently added to or reduced their stakes in ATEN. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of A10 Networks by 3,389.8% in 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 grew its position in A10 Networks by 43.5% during the fourth 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 last quarter. Sunbelt Securities Inc. bought a new position in A10 Networks during the fourth quarter valued at approximately $50,000. KBC Group NV grew its position in A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

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.