A10 Networks, Inc. (NYSE:ATEN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in A10 Networks, Inc. (NYSE:ATEN) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,208 shares of the communications equipment provider’s stock after selling 912 shares during the quarter. HighTower Advisors LLC’s holdings in A10 Networks were worth $409,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of A10 Networks by 43.5% during the fourth 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 lifted its position in 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 acquiring an additional 770 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings 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 worth $789,000 after buying an additional 814 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of A10 Networks by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider’s stock worth $719,000 after buying an additional 879 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 2,000 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ATEN. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Craig Hallum increased their price target on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, BWS Financial restated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Stock Performance

NYSE ATEN opened at $16.37 on Tuesday. The stock has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $17.45. The stock has a market capitalization of $1.21 billion, a PE ratio of 24.43 and a beta of 1.17. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90.

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

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is presently 35.82%.

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.