A10 Networks (NYSE:ATEN) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of A10 Networks (NYSE:ATEN) from a buy rating to a hold rating in a research note published on Tuesday.

Other equities analysts also recently issued research reports about the company. BWS Financial reaffirmed a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research 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 research note on Wednesday, February 5th.

A10 Networks Stock Down 4.0 %

A10 Networks stock opened at $19.65 on Tuesday. The business has a 50-day simple moving average of $19.67 and a two-hundred day simple moving average of $16.87. The company has a market cap of $1.45 billion, a P/E ratio of 29.32 and a beta of 1.14. A10 Networks has a 52-week low of $12.27 and a 52-week high of $21.90.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. Research analysts anticipate that A10 Networks will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given 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 1.22%. A10 Networks’s payout ratio is 35.82%.

Institutional Investors Weigh In On A10 Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of A10 Networks by 3,389.8% in 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 744 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in A10 Networks during the 4th quarter worth approximately $50,000. Quantbot Technologies LP lifted its position in A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 2,762 shares during the period. Finally, KBC Group NV lifted its holdings in shares of A10 Networks by 79.1% in the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after buying an additional 2,251 shares during the period. 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.