A10 Networks, Inc. (NYSE:ATEN) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lowered its position in A10 Networks, Inc. (NYSE:ATEN) by 22.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,890 shares of the communications equipment provider’s stock after selling 43,576 shares during the period. Balyasny Asset Management L.P. owned approximately 0.20% of A10 Networks worth $2,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of A10 Networks by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,820,512 shares of the communications equipment provider’s stock worth $33,498,000 after acquiring an additional 31,697 shares during the period. Geode Capital Management LLC grew its holdings in shares of A10 Networks by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,677,206 shares of the communications equipment provider’s stock worth $30,868,000 after acquiring an additional 14,764 shares during the period. First Trust Advisors LP grew its holdings in shares of A10 Networks by 3.2% in the 4th quarter. First Trust Advisors LP now owns 1,501,332 shares of the communications equipment provider’s stock worth $27,625,000 after acquiring an additional 45,868 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of A10 Networks by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,467,993 shares of the communications equipment provider’s stock worth $27,012,000 after acquiring an additional 37,733 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of A10 Networks by 9.1% in the 4th quarter. Royce & Associates LP now owns 919,068 shares of the communications equipment provider’s stock worth $16,911,000 after acquiring an additional 76,412 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Craig Hallum raised A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, May 2nd. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Thursday. Weiss Ratings lowered A10 Networks from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday. Finally, Raymond James began coverage on A10 Networks in a research note on Wednesday, April 23rd. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.00.

A10 Networks Stock Up 1.5%

Shares of A10 Networks stock opened at $17.16 on Monday. A10 Networks, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The firm has a market cap of $1.27 billion, a PE ratio of 25.61 and a beta of 1.37. The business’s fifty day moving average is $16.81 and its two-hundred day moving average is $17.82.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same quarter in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks’s dividend payout ratio is presently 35.82%.

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.