A10 Networks (NYSE:ATEN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of A10 Networks (NYSE:ATEN) from a buy rating to a hold rating in a research note issued to investors on Monday.

Other equities analysts also recently issued research reports about the stock. Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, February 5th. BWS Financial reaffirmed a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Wednesday, February 5th.

A10 Networks Trading Up 1.8 %

Shares of ATEN stock opened at $20.98 on Monday. A10 Networks has a 12-month low of $12.27 and a 12-month high of $21.10. The stock’s 50-day moving average price is $18.92 and its 200-day moving average price is $16.00. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.31 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its 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, research analysts predict that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, February 14th. A10 Networks’s dividend payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP raised its holdings in A10 Networks by 137.3% in the fourth quarter. Trexquant Investment LP now owns 195,560 shares of the communications equipment provider’s stock valued at $3,598,000 after acquiring an additional 113,163 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of A10 Networks by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider’s stock valued at $30,868,000 after acquiring an additional 14,764 shares during the period. Franklin Resources Inc. grew its position in A10 Networks by 40.0% in the 4th quarter. Franklin Resources Inc. now owns 89,111 shares of the communications equipment provider’s stock valued at $1,640,000 after buying an additional 25,447 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of A10 Networks during the 4th quarter worth $4,236,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of A10 Networks by 298.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 246,967 shares of the communications equipment provider’s stock worth $4,544,000 after buying an additional 184,962 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.