Fisher Asset Management LLC Sells 7,366 Shares of A10 Networks, Inc. (NYSE:ATEN)

Fisher Asset Management LLC trimmed its stake in A10 Networks, Inc. (NYSE:ATEN) by 7.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,877 shares of the communications equipment provider’s stock after selling 7,366 shares during the period. Fisher Asset Management LLC’s holdings in A10 Networks were worth $1,691,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ATEN. MassMutual Private Wealth & Trust FSB grew its stake in A10 Networks by 3,389.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock worth $38,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its stake 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 valued at $45,000 after buying an additional 744 shares during the period. Quantbot Technologies LP raised its holdings in shares of 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 in the last quarter. KBC Group NV lifted its stake in A10 Networks by 79.1% in the fourth quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock worth $94,000 after acquiring an additional 2,251 shares during the period. Finally, Walleye Capital LLC bought a new position in A10 Networks during the 3rd quarter worth about $179,000. 98.61% of the stock is currently owned by institutional investors.

A10 Networks Stock Up 1.7 %

NYSE:ATEN opened at $20.48 on Thursday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.57 and a beta of 1.14. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The firm has a 50 day moving average of $19.65 and a 200 day moving average of $16.86.

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

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. A10 Networks’s payout ratio is 35.82%.

Analysts Set New Price Targets

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