Russell Investments Group Ltd. Lowers Position in A10 Networks, Inc. (NYSE:ATEN)

Russell Investments Group Ltd. trimmed its holdings in shares of A10 Networks, Inc. (NYSE:ATEN) by 63.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,784 shares of the communications equipment provider’s stock after selling 468,885 shares during the quarter. Russell Investments Group Ltd. owned about 0.37% of A10 Networks worth $5,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock worth $45,000 after purchasing an additional 744 shares in the last quarter. New York State Teachers Retirement System grew its stake in A10 Networks by 2.3% in the 4th quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider’s stock worth $719,000 after buying an additional 879 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of A10 Networks by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 23,120 shares of the communications equipment provider’s stock worth $340,000 after buying an additional 1,753 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of A10 Networks by 3,389.8% during 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 buying an additional 2,000 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of A10 Networks by 20.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,192 shares of the communications equipment provider’s stock worth $224,000 after acquiring an additional 2,104 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

A10 Networks Stock Down 0.9 %

A10 Networks stock opened at $15.77 on Tuesday. The firm has a fifty day simple moving average of $18.51 and a two-hundred day simple moving average of $17.58. A10 Networks, Inc. has a twelve month low of $12.27 and a twelve month high of $21.90. The company has a market capitalization of $1.17 billion, a PE ratio of 23.54 and a beta of 1.31.

A10 Networks (NYSE:ATEN) last released 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%. As a group, equities analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, February 14th. A10 Networks’s payout ratio is 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.