Creative Planning Cuts Stake in A10 Networks, Inc. (NYSE:ATEN)

Creative Planning cut its stake in A10 Networks, Inc. (NYSE:ATEN) by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,514 shares of the communications equipment provider’s stock after selling 2,017 shares during the quarter. Creative Planning’s holdings in A10 Networks were worth $152,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of A10 Networks by 0.5% during the first quarter. Vanguard Group Inc. now owns 7,103,358 shares of the communications equipment provider’s stock worth $97,245,000 after acquiring an additional 35,010 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of A10 Networks by 6.3% during the second quarter. Renaissance Technologies LLC now owns 2,282,633 shares of the communications equipment provider’s stock worth $31,614,000 after acquiring an additional 135,800 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of A10 Networks by 18.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,873,507 shares of the communications equipment provider’s stock worth $25,948,000 after acquiring an additional 286,127 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of A10 Networks by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,818,901 shares of the communications equipment provider’s stock worth $25,191,000 after acquiring an additional 28,150 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of A10 Networks by 43,184.1% during the second quarter. Pacer Advisors Inc. now owns 1,728,336 shares of the communications equipment provider’s stock worth $23,937,000 after acquiring an additional 1,724,343 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Stock Performance

NYSE:ATEN opened at $16.64 on Tuesday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.81 and a beta of 1.11. A10 Networks, Inc. has a one year low of $11.83 and a one year high of $16.71. The stock has a 50-day simple moving average of $14.23 and a 200 day simple moving average of $14.10.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $66.72 million during the quarter, compared to the consensus estimate of $63.78 million. A10 Networks had a return on equity of 22.83% and a net margin of 19.29%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, equities research analysts forecast that A10 Networks, Inc. will post 0.65 EPS for the current fiscal year.

A10 Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. A10 Networks’s payout ratio is currently 35.82%.

Analyst Ratings Changes

ATEN has been the topic of a number of analyst reports. Craig Hallum lowered A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.