A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 22.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,890 shares of the communications equipment provider's stock after selling 43,576 shares during the quarter. Balyasny Asset Management L.P. owned about 0.20% of A10 Networks worth $2,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in A10 Networks by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider's stock valued at $33,498,000 after acquiring an additional 31,697 shares during the period. Geode Capital Management LLC boosted its holdings in A10 Networks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider's stock valued at $30,868,000 after acquiring an additional 14,764 shares during the period. First Trust Advisors LP boosted its holdings in A10 Networks by 3.2% during the 4th quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider's stock valued at $27,625,000 after acquiring an additional 45,868 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in A10 Networks by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,467,993 shares of the communications equipment provider's stock valued at $27,012,000 after acquiring an additional 37,733 shares during the period. Finally, Royce & Associates LP boosted its holdings in A10 Networks by 9.1% during the 4th quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider's stock valued at $16,911,000 after acquiring an additional 76,412 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BWS Financial restated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a report on Friday, May 2nd. StockNews.com cut A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Raymond James initiated coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating for the company. Weiss Ratings cut A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research note on Saturday, May 10th. Finally, Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.00.

A10 Networks Stock Performance

Shares of ATEN traded up $0.12 during midday trading on Friday, hitting $17.63. The company had a trading volume of 666,265 shares, compared to its average volume of 881,426. The company's 50-day simple moving average is $16.61 and its 200-day simple moving average is $17.90. The firm has a market capitalization of $1.27 billion, a P/E ratio of 26.31 and a beta of 1.37. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. Equities analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, May 15th. A10 Networks's payout ratio is 35.82%.

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.