Bank of New York Mellon Corp Has $24.80 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

Bank of New York Mellon Corp lessened its stake in A10 Networks, Inc. (NYSE:ATEN) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,347,776 shares of the communications equipment provider’s stock after selling 306,946 shares during the quarter. Bank of New York Mellon Corp owned 1.83% of A10 Networks worth $24,799,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its stake in shares of A10 Networks by 22.0% during the 3rd quarter. New York State Teachers Retirement System now owns 38,179 shares of the communications equipment provider’s stock worth $551,000 after purchasing an additional 6,893 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of A10 Networks by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock worth $5,618,000 after purchasing an additional 41,141 shares during the last quarter. Meritage Portfolio Management increased its stake in shares of A10 Networks by 9.3% during the 3rd quarter. Meritage Portfolio Management now owns 33,263 shares of the communications equipment provider’s stock worth $480,000 after purchasing an additional 2,835 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of A10 Networks by 6.2% during the 3rd quarter. GSA Capital Partners LLP now owns 226,115 shares of the communications equipment provider’s stock worth $3,265,000 after purchasing an additional 13,137 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of A10 Networks by 38.5% during the 3rd quarter. Victory Capital Management Inc. now owns 198,801 shares of the communications equipment provider’s stock worth $2,871,000 after purchasing an additional 55,302 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Price Performance

NYSE ATEN opened at $19.68 on Monday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.37 and a beta of 1.17. The company’s fifty day moving average is $19.69 and its two-hundred day moving average is $16.97. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.06 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.22%. A10 Networks’s dividend payout ratio is 35.82%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Craig Hallum raised their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th.

A10 Networks 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.