Algert Global LLC Has $8.07 Million Stock Holdings in A10 Networks, Inc. (NYSE:ATEN)

Algert Global LLC trimmed its position in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 438,468 shares of the communications equipment provider's stock after selling 17,530 shares during the period. Algert Global LLC owned 0.59% of A10 Networks worth $8,068,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in A10 Networks by 3,389.8% in the 4th 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 boosted 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 purchasing an additional 744 shares during the last quarter. KBC Group NV grew its stake in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after purchasing an additional 2,251 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in A10 Networks in the 4th quarter worth about $161,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of A10 Networks during the 4th quarter worth about $197,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James assumed coverage on A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research note on Friday, May 2nd. StockNews.com downgraded shares of A10 Networks from a "buy" rating to a "hold" rating in a report on Thursday. Weiss Ratings restated a "buy (b-)" rating on shares of A10 Networks in a report on Saturday, April 26th. Finally, BWS Financial reiterated a "buy" rating and set a $24.00 price target on shares of A10 Networks in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, A10 Networks presently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Trading Up 1.5 %

ATEN traded up $0.25 during trading on Friday, hitting $17.16. The stock had a trading volume of 1,641,609 shares, compared to its average volume of 875,110. The firm has a market cap of $1.27 billion, a PE ratio of 25.61 and a beta of 1.37. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The company has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $17.79.

A10 Networks (NYSE:ATEN - Get Free Report) last posted 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. The business had revenue of $66.14 million for the quarter, compared to analyst estimates 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 for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. As a group, sell-side analysts anticipate that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

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.