A10 Networks, Inc. (NYSE:ATEN) Position Lessened by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in shares of A10 Networks, Inc. (NYSE:ATEN) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,058 shares of the communications equipment provider’s stock after selling 2,071 shares during the quarter. AQR Capital Management LLC’s holdings in A10 Networks were worth $361,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new stake in shares of A10 Networks during the second quarter valued at about $29,000. nVerses Capital LLC acquired a new position in A10 Networks during the 2nd quarter valued at about $105,000. Meeder Asset Management Inc. bought a new stake in shares of A10 Networks during the 2nd quarter worth about $137,000. Picton Mahoney Asset Management acquired a new stake in shares of A10 Networks in the 2nd quarter worth approximately $148,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of A10 Networks in the second quarter valued at approximately $173,000. 98.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATEN has been the topic of several research analyst reports. BWS Financial reiterated a “buy” rating and set a $17.00 price target on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday.

A10 Networks Stock Down 0.7 %

ATEN stock opened at $14.61 on Wednesday. The company has a 50 day moving average of $13.65 and a two-hundred day moving average of $13.92. A10 Networks, Inc. has a 12-month low of $10.55 and a 12-month high of $16.46. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 23.95 and a beta of 1.11.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. A10 Networks’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, research analysts anticipate that A10 Networks, Inc. will post 0.65 EPS for the current year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, August 15th. A10 Networks’s dividend payout ratio is 39.34%.

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.