A10 Networks, Inc. (NYSE:ATEN) is Summit Partners L P’s 8th Largest Position

Summit Partners L P lowered its stake in A10 Networks, Inc. (NYSE:ATEN) by 71.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,464 shares of the communications equipment provider’s stock after selling 431,799 shares during the quarter. A10 Networks comprises 0.1% of Summit Partners L P’s portfolio, making the stock its 8th biggest holding. Summit Partners L P’s holdings in A10 Networks were worth $3,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of A10 Networks by 43.5% during the 4th 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 in the last quarter. Martingale Asset Management L P raised its holdings in A10 Networks by 0.8% during the third quarter. Martingale Asset Management L P now owns 101,051 shares of the communications equipment provider’s stock valued at $1,459,000 after acquiring an additional 770 shares during the period. Y Intercept Hong Kong Ltd lifted its position in shares of A10 Networks by 1.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,664 shares of the communications equipment provider’s stock valued at $789,000 after acquiring an additional 814 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of A10 Networks by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 39,058 shares of the communications equipment provider’s stock worth $719,000 after acquiring an additional 879 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of A10 Networks by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 42,151 shares of the communications equipment provider’s stock worth $608,000 after purchasing an additional 1,060 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Trading Down 3.9 %

NYSE:ATEN opened at $20.32 on Friday. The business’s 50-day moving average is $19.38 and its 200 day moving average is $16.43. A10 Networks, Inc. has a 12 month low of $12.27 and a 12 month high of $21.90. The company has a market capitalization of $1.50 billion, a P/E ratio of 30.32 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. On average, research analysts forecast that A10 Networks, Inc. will post 0.69 earnings per share for the current year.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 annualized dividend and a yield of 1.18%. A10 Networks’s dividend payout ratio (DPR) is currently 35.82%.

Analyst Ratings Changes

A number of research firms recently commented on ATEN. Craig Hallum boosted their price target on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, February 5th. BWS Financial reissued a “buy” rating and issued a $24.00 target price on shares of A10 Networks in a report on Wednesday, February 5th. Finally, StockNews.com cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Friday.

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.