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

StockNews.com lowered shares of A10 Networks (NYSE:ATEN) from a buy rating to a hold rating in a report published on Friday morning.

ATEN has been the subject of a number of other reports. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum boosted their price target 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.

A10 Networks Stock Down 3.9 %

NYSE:ATEN opened at $20.32 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of 30.32 and a beta of 1.14. A10 Networks has a 12 month low of $12.27 and a 12 month high of $21.90. The company’s 50-day moving average price is $19.38 and its two-hundred day moving average price is $16.46.

A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping 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%. On average, research analysts expect that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 14th. A10 Networks’s payout ratio is presently 35.82%.

Institutional Investors Weigh In On A10 Networks

Several large investors have recently bought and sold shares of the company. State Street Corp increased its stake in A10 Networks by 2.0% in the third quarter. State Street Corp now owns 3,171,077 shares of the communications equipment provider’s stock valued at $45,790,000 after purchasing an additional 62,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in A10 Networks by 11.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,989 shares of the communications equipment provider’s stock valued at $45,632,000 after purchasing an additional 249,145 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in A10 Networks by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider’s stock valued at $33,498,000 after purchasing an additional 31,697 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of A10 Networks by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider’s stock valued at $30,868,000 after buying an additional 14,764 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of A10 Networks by 3.2% in the fourth quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider’s stock valued at $27,625,000 after buying an additional 45,868 shares during the period. Institutional investors own 98.61% of the company’s stock.

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.