Two Sigma Investments LP Lowers Position in A10 Networks, Inc. (NYSE:ATEN)

Two Sigma Investments LP lessened its position in A10 Networks, Inc. (NYSE:ATEN - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,648 shares of the communications equipment provider's stock after selling 38,671 shares during the quarter. Two Sigma Investments LP owned 0.31% of A10 Networks worth $4,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System increased its stake in A10 Networks by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider's stock valued at $719,000 after acquiring an additional 879 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of 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 buying an additional 1,010 shares during the last quarter. KBC Group NV grew its stake in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock valued at $94,000 after buying an additional 2,251 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of A10 Networks by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 42,803 shares of the communications equipment provider's stock valued at $788,000 after buying an additional 2,375 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of A10 Networks by 24.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,699 shares of the communications equipment provider's stock valued at $252,000 after buying an additional 2,690 shares during the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Up 1.8%

Shares of A10 Networks stock traded up $0.31 during trading on Monday, reaching $17.57. 642,506 shares of the stock were exchanged, compared to its average volume of 869,467. The stock's fifty day moving average is $16.54 and its 200 day moving average is $18.03. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 26.22 and a beta of 1.37. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $66.14 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.17 earnings per share. Equities analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced 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 of this dividend is Thursday, May 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.37%. A10 Networks's dividend payout ratio is currently 35.82%.

Insider Transactions at A10 Networks

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 value of $43,150.00. Following the completion of the sale, the general counsel now directly owns 61,007 shares in the company, valued at $1,052,980.82. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ATEN has been the topic of a number of recent research reports. 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. Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Saturday. 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 note on Friday, May 2nd. Finally, Raymond James began coverage on A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, A10 Networks has an average rating of "Moderate Buy" and a consensus price target 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.