WINTON GROUP Ltd Cuts Holdings in A10 Networks, Inc. (NYSE:ATEN)

WINTON GROUP Ltd decreased its holdings in A10 Networks, Inc. (NYSE:ATEN) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,967 shares of the communications equipment provider’s stock after selling 1,305 shares during the period. WINTON GROUP Ltd’s holdings in A10 Networks were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its stake in shares of A10 Networks by 98.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 115,384 shares of the communications equipment provider’s stock worth $1,666,000 after purchasing an additional 57,284 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of A10 Networks during the third quarter valued at about $284,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of A10 Networks by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,920 shares of the communications equipment provider’s stock valued at $9,399,000 after buying an additional 41,895 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of A10 Networks by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 99,243 shares of the communications equipment provider’s stock worth $1,433,000 after buying an additional 8,533 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of A10 Networks by 95.4% in the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 2,762 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Down 0.9 %

Shares of A10 Networks stock opened at $17.29 on Friday. The firm’s 50 day simple moving average is $19.52 and its two-hundred day simple moving average is $17.34. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 25.80 and a beta of 1.17. A10 Networks, Inc. has a 12-month low of $12.27 and a 12-month high of $21.90.

A10 Networks (NYSE:ATEN) last released 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%. On average, sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s dividend payout ratio is presently 35.82%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ATEN shares. BWS Financial restated a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, 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 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.