Peregrine Capital Management LLC Lowers Position in A10 Networks, Inc. $ATEN

Peregrine Capital Management LLC decreased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 32.1% during the third quarter, Holdings Channel.com reports. The firm owned 252,746 shares of the communications equipment provider’s stock after selling 119,620 shares during the period. Peregrine Capital Management LLC’s holdings in A10 Networks were worth $4,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in A10 Networks by 38.1% during the third quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 1,005 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in A10 Networks by 120.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 3,225 shares in the last quarter. Corton Capital Inc. purchased a new position in A10 Networks in the second quarter valued at $194,000. State of Wyoming raised its position in shares of A10 Networks by 346.7% in the second quarter. State of Wyoming now owns 13,545 shares of the communications equipment provider’s stock worth $262,000 after acquiring an additional 10,513 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of A10 Networks by 5.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 13,863 shares of the communications equipment provider’s stock worth $268,000 after acquiring an additional 708 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, October 8th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, A10 Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

A10 Networks Stock Down 0.5%

ATEN opened at $17.23 on Friday. A10 Networks, Inc. has a twelve month low of $13.81 and a twelve month high of $21.90. The company has a quick ratio of 3.49, a current ratio of 3.64 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $17.56 and a 200 day moving average price of $17.92. The company has a market cap of $1.24 billion, a PE ratio of 25.34 and a beta of 1.23.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The company had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $70.70 million. During the same period in the previous year, the firm posted $0.21 EPS. A10 Networks’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that A10 Networks, Inc. will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. A10 Networks’s dividend payout ratio is presently 35.29%.

A10 Networks Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.