Alliancebernstein L.P. Has $5.13 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

Alliancebernstein L.P. lessened its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,759 shares of the communications equipment provider's stock after selling 73,344 shares during the period. Alliancebernstein L.P. owned about 0.38% of A10 Networks worth $5,129,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of A10 Networks by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 23,120 shares of the communications equipment provider's stock valued at $340,000 after acquiring an additional 1,753 shares during the last quarter. State Street Corp increased its holdings in A10 Networks by 2.0% in the 3rd quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider's stock worth $45,790,000 after purchasing an additional 62,015 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in A10 Networks by 1.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider's stock worth $789,000 after purchasing an additional 814 shares in the last quarter. Barclays PLC raised its position in A10 Networks by 234.1% in the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock valued at $2,198,000 after purchasing an additional 106,672 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of A10 Networks by 5.7% during the third 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. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Stock Performance

Shares of ATEN stock traded up $0.04 on Friday, hitting $15.72. The company had a trading volume of 1,840,941 shares, compared to its average volume of 851,593. The stock's 50-day moving average is $18.12 and its two-hundred day moving average is $17.57. The firm has a market cap of $1.16 billion, a P/E ratio of 23.46 and a beta of 1.31. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating 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%. Equities research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given 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 1.53%. A10 Networks's dividend payout ratio (DPR) is currently 35.82%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. BWS Financial restated 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 lifted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock 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.