Illinois Municipal Retirement Fund Cuts Stake in A10 Networks, Inc. (NYSE:ATEN)

Illinois Municipal Retirement Fund lowered its position in A10 Networks, Inc. (NYSE:ATEN) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,913 shares of the communications equipment provider’s stock after selling 2,376 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in A10 Networks were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of A10 Networks by 3,389.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC boosted its stake in shares of A10 Networks by 43.5% during the fourth quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider’s stock valued at $45,000 after purchasing an additional 744 shares during the period. KBC Group NV boosted its stake in shares of A10 Networks by 79.1% during the fourth 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. Quantbot Technologies LP boosted its stake in shares of A10 Networks by 95.4% during the third quarter. Quantbot Technologies LP now owns 5,657 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 2,762 shares during the period. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of A10 Networks during the fourth quarter valued at approximately $213,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Stock Down 3.0 %

Shares of ATEN stock opened at $20.16 on Tuesday. The stock has a fifty day moving average of $19.58 and a 200 day moving average of $16.78. A10 Networks, Inc. has a 52 week low of $12.27 and a 52 week high of $21.90. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 30.09 and a beta of 1.14.

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

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued 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 1.19%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Analyst Upgrades and Downgrades

ATEN has been the subject of a number of analyst reports. BWS Financial reissued a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. Craig Hallum increased their price objective on A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th. Finally, StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday.

A10 Networks Company 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.