US Bancorp DE Sells 26,980 Shares of A10 Networks, Inc. (NYSE:ATEN)

US Bancorp DE lessened its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 48.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,683 shares of the communications equipment provider’s stock after selling 26,980 shares during the quarter. US Bancorp DE’s holdings in A10 Networks were worth $528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in A10 Networks by 11.8% during the third quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after purchasing an additional 41,141 shares during the last quarter. Victory Capital Management Inc. grew its holdings in A10 Networks by 38.5% during the third quarter. Victory Capital Management Inc. now owns 198,801 shares of the communications equipment provider’s stock valued at $2,871,000 after purchasing an additional 55,302 shares during the last quarter. MQS Management LLC acquired a new position in A10 Networks during the third quarter valued at approximately $206,000. Impax Asset Management Group plc grew 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 valued at $9,928,000 after purchasing an additional 137,500 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in A10 Networks by 12.7% during the third quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock valued at $12,168,000 after purchasing an additional 94,710 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Up 0.7 %

Shares of A10 Networks stock opened at $19.59 on Thursday. The company’s fifty day simple moving average is $19.75 and its 200-day simple moving average is $17.07. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 29.23 and a beta of 1.17. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data 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, research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.23%. A10 Networks’s dividend payout ratio is currently 35.82%.

Analyst Ratings Changes

ATEN has been the topic of several analyst reports. BWS Financial reiterated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th. Craig Hallum increased their price target on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday.

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.