Deprince Race & Zollo Inc. Reduces Position in A10 Networks, Inc. (NYSE:ATEN)

Deprince Race & Zollo Inc. lowered its stake in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 60.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 828,795 shares of the communications equipment provider's stock after selling 1,292,782 shares during the period. Deprince Race & Zollo Inc. owned approximately 1.12% of A10 Networks worth $15,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ATEN. GAMMA Investing LLC lifted its holdings in A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock worth $45,000 after buying an additional 744 shares during the period. New York State Teachers Retirement System grew its position in A10 Networks by 2.3% in the 4th quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock worth $719,000 after purchasing an additional 879 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of A10 Networks by 3.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider's stock worth $574,000 after acquiring an additional 1,010 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position 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 purchasing an additional 2,000 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in shares of A10 Networks by 20.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider's stock valued at $224,000 after buying an additional 2,104 shares during the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Trading Down 1.1%

ATEN traded down $0.19 during trading hours on Wednesday, hitting $17.73. 437,773 shares of the company's stock were exchanged, compared to its average volume of 1,080,265. The firm has a 50 day moving average of $16.72 and a 200 day moving average of $17.84. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90. The firm has a market cap of $1.28 billion, a P/E ratio of 26.46 and a beta of 1.37.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million during the quarter, compared to the consensus estimate of $63.63 million. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. A10 Networks's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. As a group, research analysts expect that A10 Networks, Inc. will post 0.69 EPS 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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks's payout ratio is 35.82%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Craig Hallum upgraded A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a research report on Friday, May 2nd. Weiss Ratings lowered shares of A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research note on Saturday. Raymond James assumed coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They issued a "market perform" rating for the company. BWS Financial restated a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research report on Friday, May 2nd. Finally, StockNews.com cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, A10 Networks presently 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.