Jacobs Levy Equity Management Inc. Sells 710,748 Shares of A10 Networks, Inc. (NYSE:ATEN)

Jacobs Levy Equity Management Inc. lowered its holdings in shares of A10 Networks, Inc. (NYSE:ATEN - Free Report) by 65.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,806 shares of the communications equipment provider's stock after selling 710,748 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.51% of A10 Networks worth $6,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATEN. Marshall Wace LLP increased its holdings in shares of A10 Networks by 364.8% in the fourth quarter. Marshall Wace LLP now owns 683,711 shares of the communications equipment provider's stock worth $12,580,000 after purchasing an additional 536,600 shares during the last quarter. Barclays PLC grew its holdings in A10 Networks by 350.4% during the 4th quarter. Barclays PLC now owns 685,720 shares of the communications equipment provider's stock valued at $12,618,000 after buying an additional 533,482 shares in the last quarter. Norges Bank bought a new stake in A10 Networks in the 4th quarter worth approximately $7,202,000. Wellington Management Group LLP purchased a new stake in shares of A10 Networks during the 4th quarter worth approximately $4,236,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of A10 Networks by 298.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider's stock worth $4,544,000 after acquiring an additional 184,962 shares in the last quarter. Institutional investors own 98.61% of the company's stock.

A10 Networks Stock Performance

ATEN stock traded down $0.14 during mid-day trading on Monday, reaching $17.49. 90,405 shares of the stock traded hands, compared to its average volume of 878,329. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90. The stock has a market capitalization of $1.26 billion, a PE ratio of 26.03 and a beta of 1.37. The business has a 50-day moving average price of $16.61 and a two-hundred day moving average price of $17.92.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $66.14 million during the quarter, compared to analysts' expectations of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. A10 Networks's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. On average, equities analysts expect 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. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, May 15th. A10 Networks's dividend payout ratio is presently 35.82%.

Wall Street Analyst Weigh In

ATEN has been the topic of several research reports. BWS Financial restated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a research report on Friday, May 2nd. Weiss Ratings cut shares of A10 Networks from a "buy (b-)" rating to a "hold (c)" rating in a research note on Saturday, May 10th. StockNews.com cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Craig Hallum raised shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a report on Friday, May 2nd. Finally, Raymond James initiated coverage on A10 Networks in a research note on Wednesday, April 23rd. They set a "market perform" rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.