A10 Networks (NYSE:ATEN) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of A10 Networks (NYSE:ATEN) from a buy rating to a hold rating in a research note published on Monday.

ATEN has been the subject of a number of other research reports. Craig Hallum increased their price target on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th. BWS Financial reiterated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $20.55 on Monday. The company has a market cap of $1.52 billion, a P/E ratio of 30.67 and a beta of 1.14. A10 Networks has a one year low of $12.27 and a one year high of $20.96. The firm has a fifty day moving average of $18.79 and a two-hundred day moving average of $15.91.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. As a group, equities analysts predict that A10 Networks will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. A10 Networks’s payout ratio is 35.82%.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently modified their holdings of ATEN. The Manufacturers Life Insurance Company boosted its position in shares of A10 Networks by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 27,239 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 776 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of A10 Networks by 11.6% in the third quarter. Exchange Traded Concepts LLC now owns 127,476 shares of the communications equipment provider’s stock worth $1,841,000 after acquiring an additional 13,272 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of A10 Networks by 20.7% in the third quarter. Wedge Capital Management L L P NC now owns 94,064 shares of the communications equipment provider’s stock worth $1,358,000 after acquiring an additional 16,128 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of A10 Networks in the third quarter worth approximately $43,000. Finally, Guidance Capital Inc. boosted its position in shares of A10 Networks by 2.0% in the third quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock worth $530,000 after acquiring an additional 718 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.

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.