HighTower Advisors LLC Has $409,000 Holdings in A10 Networks, Inc. (NYSE:ATEN)

HighTower Advisors LLC cut its stake in A10 Networks, Inc. (NYSE:ATEN) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,208 shares of the communications equipment provider’s stock after selling 912 shares during the period. HighTower Advisors LLC’s holdings in A10 Networks were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after acquiring an additional 2,000 shares during the period. GAMMA Investing LLC grew its stake in 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 purchasing an additional 744 shares in the last quarter. Quantbot Technologies LP lifted its stake in A10 Networks by 95.4% in the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after acquiring an additional 2,762 shares during the last quarter. KBC Group NV lifted its position in shares of A10 Networks by 79.1% in the fourth 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 last quarter. Finally, Walleye Capital LLC bought a new position in shares of A10 Networks in the third quarter valued at about $179,000. 98.61% of the stock is owned by institutional investors and hedge funds.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $16.37 on Tuesday. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The stock has a 50 day moving average price of $19.42 and a two-hundred day moving average price of $17.45. The stock has a market capitalization of $1.21 billion, a PE ratio of 24.43 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, February 14th. A10 Networks’s dividend payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ATEN shares. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, Craig Hallum lifted their price objective on A10 Networks from $16.00 to $18.00 and gave the stock 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.