Fisher Asset Management LLC Sells 7,366 Shares of A10 Networks, Inc. (NYSE:ATEN)

Fisher Asset Management LLC cut its holdings in A10 Networks, Inc. (NYSE:ATEN) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,877 shares of the communications equipment provider’s stock after selling 7,366 shares during the period. Fisher Asset Management LLC owned 0.12% of A10 Networks worth $1,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATEN. MassMutual Private Wealth & Trust FSB raised its position in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC increased its holdings in A10 Networks by 43.5% in the 4th 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. Quantbot Technologies LP boosted its holdings in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 2,762 shares during the last quarter. KBC Group NV grew its position in shares of A10 Networks by 79.1% during the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of A10 Networks in the third quarter worth about $179,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $20.48 on Thursday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 30.57 and a beta of 1.14. The stock has a 50 day moving average price of $19.65 and a 200-day moving average price of $16.86. A10 Networks, Inc. has a one year low of $12.27 and a one year high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating 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%. Sell-side analysts predict that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, February 14th. A10 Networks’s payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ATEN shares. Craig Hallum raised 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. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BWS Financial reaffirmed a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th.

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.