Allspring Global Investments Holdings LLC Has $1.06 Million Holdings in A10 Networks, Inc. (NYSE:ATEN)

Allspring Global Investments Holdings LLC lessened its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,263 shares of the communications equipment provider’s stock after selling 56,869 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.10% of A10 Networks worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in A10 Networks in the second quarter worth $29,000. Quarry LP bought a new stake in shares of A10 Networks during the second quarter worth approximately $47,000. nVerses Capital LLC bought a new stake in A10 Networks in the 2nd quarter valued at about $105,000. Meeder Asset Management Inc. bought a new stake in A10 Networks during the second quarter worth about $137,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of A10 Networks during the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Price Performance

NYSE ATEN opened at $14.67 on Friday. The stock has a market capitalization of $1.09 billion, a PE ratio of 24.05 and a beta of 1.11. The company’s 50 day simple moving average is $14.05 and its two-hundred day simple moving average is $14.01. A10 Networks, Inc. has a 1 year low of $10.63 and a 1 year high of $16.46.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $60.10 million for the quarter, compared to the consensus estimate of $64.30 million. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ATEN shares. BWS Financial reissued a “buy” rating and issued a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.