Deutsche Bank AG Cuts Position in A10 Networks, Inc. (NYSE:ATEN)

Deutsche Bank AG reduced its holdings in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,130 shares of the communications equipment provider's stock after selling 54,876 shares during the period. Deutsche Bank AG owned about 0.23% of A10 Networks worth $3,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of A10 Networks by 2.3% during 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 last quarter. Schonfeld Strategic Advisors LLC increased its stake in 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 buying an additional 1,010 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after acquiring an additional 2,000 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings 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 acquiring an additional 2,104 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of 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 acquiring an additional 2,251 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Trading Down 0.5%

NYSE:ATEN traded down $0.09 during trading hours on Monday, hitting $17.04. The company had a trading volume of 461,227 shares, compared to its average volume of 869,930. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The company has a market cap of $1.23 billion, a P/E ratio of 25.43 and a beta of 1.37. The company has a 50-day moving average of $16.56 and a 200 day moving average of $18.01.

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, 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 net margin of 19.16% and a return on equity of 23.44%. A10 Networks's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, May 15th. A10 Networks's payout ratio is presently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the subject of several research reports. Weiss Ratings cut A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday, May 10th. Raymond James assumed coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They issued a "market perform" rating for the company. Wall Street Zen downgraded shares of A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. BWS Financial reaffirmed a "buy" rating and set a $24.00 price objective on shares of A10 Networks in a research note on Friday, May 2nd. Finally, Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.00.

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.