A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in A10 Networks, Inc. (NYSE:ATEN) by 50.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 57,043 shares of the communications equipment provider’s stock after selling 58,341 shares during the period. Thrivent Financial for Lutherans’ holdings in A10 Networks were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ATEN. Intech Investment Management LLC purchased a new position in shares of A10 Networks during the 3rd quarter worth $284,000. Charles Schwab Investment Management Inc. lifted its position in A10 Networks by 6.9% in the third 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 during the last quarter. Quantbot Technologies LP boosted its stake in A10 Networks by 95.4% during the third 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of A10 Networks by 10.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,486 shares of the communications equipment provider’s stock valued at $310,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of A10 Networks by 1.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 156,734 shares of the communications equipment provider’s stock valued at $2,263,000 after acquiring an additional 2,700 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATEN has been the subject of several research reports. Craig Hallum lifted their target price 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. BWS Financial restated a “buy” rating and set a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

A10 Networks Stock Performance

Shares of ATEN opened at $16.63 on Wednesday. The stock has a 50-day simple moving average of $19.37 and a 200-day simple moving average of $17.47. A10 Networks, Inc. has a 1 year low of $12.27 and a 1 year high of $21.90. The stock has a market capitalization of $1.23 billion, a PE ratio of 24.82 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 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%. Analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s payout ratio is 35.82%.

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.