Peregrine Capital Management LLC Cuts Position in A10 Networks, Inc. (NYSE:ATEN)

Peregrine Capital Management LLC lessened its stake in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 384,852 shares of the communications equipment provider's stock after selling 20,953 shares during the period. Peregrine Capital Management LLC owned approximately 0.52% of A10 Networks worth $6,288,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC increased its position in A10 Networks by 3.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 31,200 shares of the communications equipment provider's stock valued at $574,000 after acquiring an additional 1,010 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of A10 Networks by 1.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 80,299 shares of the communications equipment provider's stock worth $1,312,000 after purchasing an additional 1,295 shares during the period. Verity Asset Management Inc. grew its holdings in A10 Networks by 1.7% during the 1st quarter. Verity Asset Management Inc. now owns 81,669 shares of the communications equipment provider's stock valued at $1,334,000 after purchasing an additional 1,378 shares during the last quarter. MetLife Investment Management LLC raised its position in A10 Networks by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 42,803 shares of the communications equipment provider's stock worth $788,000 after purchasing an additional 2,375 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in A10 Networks in the fourth quarter worth about $50,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Trading Up 1.9%

Shares of A10 Networks stock traded up $0.38 on Friday, hitting $20.14. 526,402 shares of the company traded hands, compared to its average volume of 814,694. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The company has a market cap of $1.45 billion, a PE ratio of 30.05, a PEG ratio of 4.77 and a beta of 1.39. The stock's 50 day moving average price is $17.72 and its 200-day moving average price is $18.17. The company has a current ratio of 4.05, a quick ratio of 3.87 and a debt-to-equity ratio of 1.11.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. A10 Networks had a return on equity of 24.23% and a net margin of 18.70%. The business had revenue of $66.14 million during the quarter, compared to analyst estimates of $63.63 million. During the same period in the previous year, the company posted $0.17 EPS. A10 Networks's revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 15th. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Insiders Place Their Bets

In other A10 Networks news, General Counsel Robert Scott Weber sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the transaction, the general counsel owned 61,007 shares of the company's stock, valued at approximately $1,052,980.82. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on ATEN shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a report on Friday, June 27th. They set a "buy" rating and a $22.00 price objective for the company. Craig Hallum raised A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a research report on Friday, May 2nd. Raymond James Financial started coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. Finally, Wall Street Zen lowered 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 three have issued a buy rating to the company's stock. According to MarketBeat.com, A10 Networks presently has an average rating of "Moderate Buy" and an average target price 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.