Aristides Capital LLC Sells 11,068 Shares of A10 Networks, Inc. (NYSE:ATEN)

Aristides Capital LLC decreased its position in A10 Networks, Inc. (NYSE:ATEN) by 35.7% during the fourth quarter, HoldingsChannel reports. The firm owned 19,932 shares of the communications equipment provider’s stock after selling 11,068 shares during the quarter. Aristides Capital LLC’s holdings in A10 Networks were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $38,000 after acquiring an additional 2,000 shares during the period. GAMMA Investing LLC increased its stake in shares of A10 Networks by 43.5% in 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 during the period. Quantbot Technologies LP lifted its position in shares of A10 Networks by 95.4% during the 3rd quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 2,762 shares during the last quarter. KBC Group NV boosted its stake in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 2,251 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in A10 Networks in the 4th quarter valued at approximately $161,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several research reports. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research report on Wednesday, February 5th. Finally, Craig Hallum upped their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, February 5th.

A10 Networks Trading Down 5.2 %

Shares of NYSE:ATEN opened at $14.92 on Friday. The firm has a market capitalization of $1.10 billion, a PE ratio of 22.27 and a beta of 1.17. A10 Networks, Inc. has a 1-year low of $12.27 and a 1-year high of $21.90. The business’s 50 day moving average is $19.17 and its 200-day moving average is $17.49.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results 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 net margin of 19.16% and a return on equity of 23.44%. On average, sell-side analysts predict that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The firm 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. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. A10 Networks’s payout ratio is currently 35.82%.

About A10 Networks

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.