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

Peregrine Capital Management LLC lessened its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405,805 shares of the communications equipment provider’s stock after selling 14,679 shares during the period. Peregrine Capital Management LLC owned about 0.55% of A10 Networks worth $7,467,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Copeland Capital Management LLC acquired a new position in shares of A10 Networks in the 3rd quarter valued at about $43,000. Guidance Capital Inc. lifted its holdings in A10 Networks by 2.0% in the third quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock worth $530,000 after acquiring an additional 718 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in A10 Networks by 2.6% in the third quarter. State of Alaska Department of Revenue now owns 42,151 shares of the communications equipment provider’s stock valued at $608,000 after acquiring an additional 1,060 shares during the period. New York State Teachers Retirement System grew its holdings in shares of A10 Networks by 22.0% during the third quarter. New York State Teachers Retirement System now owns 38,179 shares of the communications equipment provider’s stock valued at $551,000 after purchasing an additional 6,893 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of A10 Networks by 175.0% during 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 during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of recent research reports. StockNews.com downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Craig Hallum upped their price target 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. Finally, BWS Financial reiterated a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a research report on Wednesday, February 5th.

A10 Networks Price Performance

Shares of A10 Networks stock opened at $21.67 on Wednesday. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The business’s fifty day moving average price is $19.19 and its two-hundred day moving average price is $16.22. The company has a market capitalization of $1.60 billion, a P/E ratio of 32.35 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data 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 net margin of 19.16% and a return on equity of 23.44%. On average, research analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend 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 presently 35.82%.

A10 Networks 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.