IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.61 Million Position in A10 Networks, Inc. (NYSE:ATEN)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 32.1% during the 4th quarter, Holdings Channel reports. The firm owned 142,035 shares of the communications equipment provider’s stock after selling 67,268 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in A10 Networks were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in 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 worth $38,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC lifted its position in shares of A10 Networks by 43.5% in the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after buying an additional 744 shares during the last quarter. KBC Group NV boosted its stake in shares of A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after acquiring an additional 2,251 shares during the period. Quantbot Technologies LP increased 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 worth $82,000 after acquiring an additional 2,762 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of A10 Networks during the 4th quarter worth approximately $161,000. 98.61% of the stock is owned by institutional investors.

A10 Networks Price Performance

ATEN stock opened at $17.49 on Thursday. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.10 and a beta of 1.17. The business’s fifty day moving average price is $19.54 and its two-hundred day moving average price is $17.34.

A10 Networks (NYSE:ATEN) last released 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 net margin of 19.16% and a return on equity of 23.44%. Research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Wall Street Analysts Forecast Growth

ATEN has been the subject of a number of research analyst reports. Craig Hallum lifted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

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.