A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its holdings in A10 Networks, Inc. (NYSE:ATEN) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 405,805 shares of the communications equipment provider’s stock after selling 14,679 shares during the quarter. Peregrine Capital Management LLC’s holdings in A10 Networks were worth $7,467,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ATEN. Harbor Capital Advisors Inc. raised its holdings in shares of A10 Networks by 175.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 795,628 shares of the communications equipment provider’s stock worth $11,489,000 after purchasing an additional 506,332 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of A10 Networks in the third quarter valued at $2,295,000. Impax Asset Management Group plc lifted its position in shares of A10 Networks by 25.0% during the 3rd quarter. Impax Asset Management Group plc now owns 687,500 shares of the communications equipment provider’s stock valued at $9,928,000 after acquiring an additional 137,500 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of A10 Networks by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider’s stock worth $4,681,000 after acquiring an additional 120,342 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of A10 Networks by 234.1% in the 3rd quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider’s stock worth $2,198,000 after acquiring an additional 106,672 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Up 0.2 %

NYSE:ATEN opened at $21.67 on Wednesday. The business’s fifty day moving average price is $19.19 and its 200 day moving average price is $16.22. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 32.35 and a beta of 1.14. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, beating 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%. Equities analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Announces Dividend

The business 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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 14th. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATEN. 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. StockNews.com cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Craig Hallum boosted their price target on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a report 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.