Rhumbline Advisers Sells 2,661 Shares of A10 Networks, Inc. (NYSE:ATEN)

Rhumbline Advisers reduced its stake in A10 Networks, Inc. (NYSE:ATEN) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,756 shares of the communications equipment provider’s stock after selling 2,661 shares during the period. Rhumbline Advisers owned 0.27% of A10 Networks worth $3,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ATEN. Harbor Capital Advisors Inc. lifted its holdings in A10 Networks by 175.0% during the third quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock worth $11,489,000 after acquiring an additional 506,332 shares in the last quarter. Weiss Asset Management LP bought a new position in A10 Networks during the third quarter worth about $2,295,000. Impax Asset Management Group plc lifted its holdings in A10 Networks by 25.0% during the third quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock worth $9,928,000 after acquiring an additional 137,500 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in A10 Networks by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock worth $4,681,000 after acquiring an additional 120,342 shares in the last quarter. Finally, Barclays PLC lifted its holdings in A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after acquiring an additional 106,672 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ATEN shares. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum lifted their target price on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th. Finally, StockNews.com cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 21st.

A10 Networks Trading Up 1.7 %

Shares of NYSE ATEN opened at $20.80 on Friday. The stock has a 50-day moving average price of $19.55 and a two-hundred day moving average price of $16.67. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 31.05 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results 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%. On average, sell-side analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.06 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.15%. A10 Networks’s dividend payout ratio is presently 35.82%.

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.