Voya Investment Management LLC Trims Stake in A10 Networks, Inc. (NYSE:ATEN)

Voya Investment Management LLC decreased its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,878 shares of the communications equipment provider's stock after selling 32,772 shares during the quarter. Voya Investment Management LLC owned approximately 0.42% of A10 Networks worth $5,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP grew its holdings in A10 Networks by 364.8% during the 4th quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock valued at $12,580,000 after purchasing an additional 536,600 shares during the last quarter. Barclays PLC increased its position in shares of A10 Networks by 350.4% in the 4th quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock valued at $12,618,000 after acquiring an additional 533,482 shares during the period. Norges Bank purchased a new stake in A10 Networks during the 4th quarter valued at about $7,202,000. Wellington Management Group LLP acquired a new position in shares of A10 Networks in the fourth quarter valued at about $4,236,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of A10 Networks by 298.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock worth $4,544,000 after purchasing an additional 184,962 shares during the period. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Up 1.8 %

Shares of A10 Networks stock traded up $0.29 during trading hours on Tuesday, reaching $16.86. 104,289 shares of the company's stock were exchanged, compared to its average volume of 861,596. The business has a fifty day moving average of $17.08 and a two-hundred day moving average of $17.75. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The company has a market capitalization of $1.25 billion, a P/E ratio of 25.17 and a beta of 1.37.

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

A10 Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.42%. A10 Networks's dividend payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ATEN. Weiss Ratings reiterated a "buy (b-)" rating on shares of A10 Networks in a research note on Saturday, April 26th. Raymond James started coverage on A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a report on Friday. BWS Financial restated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research report on Friday. Finally, StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

A10 Networks Company 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.