Allspring Global Investments Holdings LLC Sells 15,769 Shares of A10 Networks, Inc. (NYSE:ATEN)

Allspring Global Investments Holdings LLC reduced its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,494 shares of the communications equipment provider’s stock after selling 15,769 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of A10 Networks worth $1,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 744 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of A10 Networks by 0.8% during the 3rd quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock worth $1,459,000 after purchasing an additional 770 shares during the period. Y Intercept Hong Kong Ltd boosted its position in A10 Networks by 1.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock valued at $789,000 after buying an additional 814 shares during the period. State of Alaska Department of Revenue boosted its position in A10 Networks by 2.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,151 shares of the communications equipment provider’s stock valued at $608,000 after buying an additional 1,060 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in A10 Networks by 0.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,491 shares of the communications equipment provider’s stock valued at $3,588,000 after buying an additional 1,413 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

A10 Networks Stock Down 3.9 %

ATEN opened at $20.32 on Monday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 30.32 and a beta of 1.14. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The firm’s fifty day simple moving average is $19.38 and its two-hundred day simple moving average is $16.46.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, beating 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%. On average, research analysts forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATEN. Craig Hallum boosted 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 set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Friday.

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.