A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in A10 Networks, Inc. (NYSE:ATEN) by 12.2% during the third quarter, Holdings Channel.com reports. The firm owned 831,261 shares of the communications equipment provider’s stock after selling 115,633 shares during the period. Assenagon Asset Management S.A.’s holdings in A10 Networks were worth $12,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Guidance Capital Inc. raised its holdings in shares of A10 Networks by 2.0% in the 3rd quarter. Guidance Capital Inc. now owns 36,355 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 718 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in A10 Networks during the 3rd quarter worth $43,000. Wedge Capital Management L L P NC raised its stake in A10 Networks by 20.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 94,064 shares of the communications equipment provider’s stock worth $1,358,000 after acquiring an additional 16,128 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in A10 Networks by 11.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 127,476 shares of the communications equipment provider’s stock worth $1,841,000 after acquiring an additional 13,272 shares in the last quarter. Finally, Quarry LP acquired a new stake in A10 Networks during the 2nd quarter worth $47,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ATEN shares. BWS Financial reiterated a “buy” rating and set a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

A10 Networks Stock Performance

Shares of A10 Networks stock opened at $14.50 on Monday. A10 Networks, Inc. has a 1 year low of $10.55 and a 1 year high of $16.46. The company has a market capitalization of $1.08 billion, a P/E ratio of 23.77 and a beta of 1.11. The company’s fifty day moving average is $13.94 and its two-hundred day moving average is $13.97.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The company had revenue of $60.10 million for the quarter, compared to the consensus estimate of $64.30 million. During the same period last year, the firm posted $0.14 EPS. A10 Networks’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities analysts expect that A10 Networks, Inc. will post 0.65 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 15th. A10 Networks’s payout ratio is 39.34%.

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.